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Texas  + Dallas-Fort Worth  + Apartments  | 

Investors Form JV, Snag 900-Unit MF Portfolio for $175M

New York-based GTIS Partners formed a joint venture with Atlanta-based Cortland Partners, and has acquired a pair of multifamily assets in Dallas and Orlando for a reported $175 million. The more than 900-unit portfolio includes recently-constructed Class A garden-style multifamily communities.

GTIS Partners’ David Pahl says, “This investment supports our continued fund strategy of acquiring high-quality income producing properties in the top growth markets around the U.S.”

The properties include:

  • Cortland Waters Edge, a 582-unit community with 22 three-story buildings, two clubhouses, a full suite of amenities and 977 parking spaces. Located near the Las Colinas, Irving and Farmer’s Branch submarkets, it is roughly 20 minutes northwest of Downtown Dallas.
  • Cortland Jubilee Park (pictured), a 330-unit property with 21 two-and three-story buildings, a clubhouse, a full suite of amenities and 711 parking spaces. Located in the Southeast/Airport submarket of Orlando, it is roughly 20 minutes southeast of Downtown Orlando.

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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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