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CBRE Global Investors Divests 4-State MF Portfolio

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Chicago-based Waterton acquired an institutional-quality portfolio comprised of eight multifamily properties with a total of 3,685 units located in growth markets across four states. The properties, which were acquired from a partnership controlled by CBRE Global Investors, are located within the metropolitan areas of Dallas, Houston, Phoenix, Raleigh and Washington D.C.

The portfolio consists of multifamily properties built between 1992 and 2012, and offer opportunities to utilize Waterton’s vertically integrated design, construction and operations disciplines to further enhance the units and increase net operating income.

Waterton’s David Schwartz says, “All of the assets in the portfolio are located within Waterton’s target markets – each benefiting from large and diversified economies, high-quality jobs and growing population bases.”

The following assets were included in the portfolio:

  • Gramercy on the Park in Dallas (535 units)
  • Mockingbird Flats in Dallas (417 units)
  • Creekside at Legacy in Plano, TX (380 units)
  • Lakeshore at Preston in Plano, TX (302 units)
  • Plantation at The Woodlands in Houston (432 units)
  • Element Deer Valley in Phoenix (629 units)
  • The Tribute in Raleigh, NC (359 units, pictured)
  • The Residences at Springfield Station in Springfield, VA (631 units)

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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