Redwood Capital Group recently acquired multifamily properties Adley City Springs in Sandy Springs, GA and Ascent Cresta Bella in San Antonio. The properties were acquired in separate transactions and reflect Redwood’s commitment to aggressive but strategic growth in the Southeast and Texas.

Redwood began the year with $1.7 billion in apartment assets under management and has a strategic plan to double that total in the next five years. The company expects to complete acquisitions totaling $600 million in the Southeast, Southwest and Midwest in 2021.

Last year, despite all the market challenges, Redwood was able to remain active by completing two acquisitions and three dispositions, representing $182 million in total value.

“We look forward to continuing to expand our presence in the apartment market in 2021 and beyond. As demonstrated by these acquisitions, we view Texas and Atlanta as important markets in our ongoing expansion,” said David Carlson, managing partner and co-founder of Redwood.

Both Adley City Springs and Ascent Cresta Bella are being managed by Redwood Residential, its property management subsidiary.