Olympus Property Upgrades Portfolio with Vista at Grand Crossing Acquisition

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Aug 01, 2018, 12:24 ET

FORT WORTH, Texas, Aug. 1, 2018 /PRNewswire/ -- Following a recent sale of Kenwood Club at the Park, Olympus Property successfully acquires Vista at Grand Crossing in Katy, Texas, a Class A garden style community built in 2015. The asset will be renamed Olympus Grand Crossing effective immediately.

Olympus Property acquires Vista at Grand Crossing and renames the property Olympus Grand Crossing

"As the economy continues to grow in Houston, we project strong rent growth and demand for Class A multifamily to continue to expand. Olympus Grand Crossing offers a unique opportunity to capitalize on this trend and upgrade our portfolio in the process," said Chase Bennett, Director of Acquisitions.

Olympus Property is a multifamily investment firm seeking to optimize the quality of units managed at the lowest price to create value for high-net-worth investors. Olympus provides opportunities to diversify across multiple geographic locations and directly own interest in unique real estate opportunities.

Offering a unique opportunity, Olympus Grand Crossing is situated near I-10 at the northwest quadrant of Grand Parkway and Kingsland Boulevard at the center of Katy's most affluent neighborhoods. Access to the Houston Energy Corridor, Katy Independent School District's top schools, an affluent demographic, and proximity to numerous lifestyle amenities make Olympus Grand Crossing a strategic long-term acquisition.

"Olympus Grand Crossing is a premium addition to our latest Fund 8, offering investors a diversified opportunity to invest directly alongside our firm," said Braden Barr, Senior Investment Officer with Olympus Property.

Olympus Grand Crossing is a premier rental community in the Katy submarket with unique amenities including direct access and rentable breezeway garages, wood-style flooring in all units, gourmet kitchen prep islands in select units, 42-inch custom home cabinetry with under mount lighting, and quartz countertops with stone backsplashes.

Founded in 1992, Olympus Property owns and manages the most desirable multifamily opportunities across the United States. Over its 26-year history, the firm has become a successful and recognized name in the multifamily industry with over 17,000 units owned and operated across ten states.

To learn more about diversifying your portfolio with Olympus Property, please contact Braden Barr at 817-505-0528 or at [email protected].

SOURCE Olympus Property