Transwestern picks up multifamily properties

One is 'high-quality,' one is 'underperforming'

Transwestern Investment Co. LLC recently announced the acquisition of two garden-style multifamily properties located in Georgia and Texas. The total value of the transactions was not disclosed. Included in the acquisitions are the 292-unit Briarhill Apartments in Atlanta, Ga., and the 514-unit Grand Venetian at Las Colinas in Irving, Texas. "These investments each represent different opportunities," Edward Ryder, head of Transwestern's multifamily acquisitions, said in a prepared statement. "Grand Venetian is a stable-income play with a very high-quality property that is located in one of the most dynamic submarkets in Dallas. Briarhill is an opportunity to improve an underperforming asset that is located in an in-fill location inside Atlanta's Perimeter." ...