DALLAS (November 9, 2018) – Paul Panza, President and CEO of Nicholas
Residential LLC, is pleased to announce the acquisition of 100% of the issued
and outstanding common shares of LSREF3 BRAVO REIT (HARRIS) LLC, which owns 6
multifamily communities containing approximately 1,681,748 square feet, 2,115
units and 89.99 acres of land across Houston, TX.
“The acquisition of LSREF3 BRAVO REIT (HARRIS) LLC represents the careful, deliberate execution of our acquisition strategy; identifying undervalued assets in desirable neighborhoods with strong employment growth and prospects for future development” said Mr. Panza.
As part of the firm’s re-branding strategy, the community’s will be renamed with the Bellevue namesake. The Bellevue brand is synonymous with the best-in-class quality and service that residents enjoy and Nicholas Residential is committed to delivering.
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