Argyle Real Estate Partners and Sembler Investments have partnered to form a new multifamily-focused investment venture.
The partnership plans to acquire more than $1.5 billion of apartments in the Southeast and Texas during the next two to three years. Argyle Real Estate Partners, led by industry veteran Ryan Reyes, founder and CEO, will target core-plus and value-add opportunities in major Sun Belt markets.
“The fundamentals for multifamily remain strong despite the recent macroeconomic and capital market trends,” said Reyes. “We believe this dichotomy between the underlying asset class and capital market conditions will present compelling investment opportunities in the months ahead. We are excited about our partnership with Sembler Investments. Our investment thesis and values pair perfectly together, creating great synergies between our companies."
With a focus on high-quality institutional assets, Argyle will target apartments built after the year 2