The company’s website says it specializes in renovating and repositioning multifamily properties. Knightvest Capital did just that with Reagan at Bear Creek, in Eulesss. The company purchased the 216-unit garden-style community in September 2017, financing the deal with a $20.7 million loan, according to Yardi Matrix. During its six years of ownership, Knightvest executed a renovation and repositioning strategy that included installing quality finish-outs and upgrading the property’s amenities. Knightvest recently sold that same property for $34 million. The buyer was TwinkleStar Asset. The community is 93.1 percent occupied.

TwinkleStar Asset has been active in Texas, selling Wedgewood and Villas Del Sol, two Fort Worth multifamily properties totaling 222 units, to a local private investor in 2020. The company’s holdings are worth $360 million across 4,470 units.

Knightvest has acquired $10 billion of assets totaling 55,000 units since 2007.