Nicholas Residential Acquires BRAVO REIT in Harris County

November 9, 2018

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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