BPG acquires apartment portfolio.BPG BPG Blocks Per Game (basketball statistic) BPG Bisphosphoglycerate BPG Bi-National Planning Group (NORADHQ) BPG Belgian Polymer Group BPG Binational Planning Group Properties, Ltd., the operating affiliate of Berwind Property Group, Ltd., announced the September acquisition of eight apartment communities from Landar Holdings, L.P. for $28.63 million. The 1,030 units located in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the will be owned and operated by an affiliate of BPG's multifamily operating arm, Madison Apartment Group, L.P. (MAG (MAGnetic) A common abbreviation for magnetic. For example, "mag tape" means magnetic tape. ). This closing represents the first of a two stage acquisition of a 15 property portfolio containing a total of 2,054 units in Houston. The remaining properties in the portfolio are expected to close in the fourth quarter of this year. "These eight properties represent our first multi-family acquisitions in the Houston market and are a strong addition to our existing holdings in Dallas, Austin and San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. ," said Steve Pogarsky, Vice President of Acquisitions for Madison Apartment Group. |
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