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Korman and Verde Capital Buy First Property in DFW with AVE Las Colinas
Korman Communities, in partnership with Verde Capital, completed the purchase of its first property in the DFW market. The new 288-unit class-A property, AVE Las Colinas, offers a unique flexible-stay living solution in Irving between Dallas and Fort Worth.
“This acquisition is our second in Texas this year, and we anticipate more new ventures in this region in the next five years,” says Bradley Korman, co-CEO of the Philadelphia-area-based Korman Communities. “We are focused on growing our portfolio in desirable markets, purchasing and developing state-of-the-art residential properties where people want to live and work.”
AVE Las Colinas follows the acquisition in AVE Austin, which Korman Communities and Verde Capital completed in 2021.
“The DFW region is thriving, thanks to a business-friendly environment and an influx of new residents taking advantage of increased job opportunities,” says Jake Reiter, president of Verde Capital.
- ◦Sale/Acquisition
