With Disposition, Casoro Realigns with Knowledge Worker RE Investment Strategy

Austin-based Casoro Group, a multifamily real estate investment firm, recently sold five multifamily properties in the Dallas-Fort Worth market totaling 1,070 units. The sale represents Casoro Group’s latest investment strategy to redirect capital to real estate properties focused on the knowledge worker market sector.

“This sale comes at the perfect time for Casoro Group to realign with our knowledge worker real estate investment strategy in the Sunbelt region,” says Yuen Yung, Casoro Group CEO. By allocating available funds toward projects serving a generation of highly skilled resilient workforce, we are confident that our investments will endure beyond periods of both growth and recession.”

Two of the sold complexes are in Dallas including the 216-unit Mariposa Villas at 1531 Duncanville Rd. and the 332-unit Vistas at Pinnacle Park located at 4599 West Davis St. Both class-B properties were originally constructed in 2003 and feature garden-style conventional units.

The three additional communities are located in DFW suburbs and are also garden-style class-B properties. Huntington Ridge at 821 South Polk in DeSoto was constructed in 2007 and features 198 units, the 180-unit River Oaks complex in Wylie is located at 2000 Country Club Rd. and was constructed in 2002, and the 144-unit Savoy of Garland apartment complex is in Garland at 608 Rowlett Rd., constructed in 2008.