Kairoi Residential and Ascentris Announce the Acquisition of Galatyn Station in Richardson, Texas
Richardson, TX (April 19, 2023) – Kairoi Residential and Ascentris are pleased to announce their joint acquisition of Galatyn Station, a transit-oriented luxury multifamily property in Richardson, Texas. The acquisition was completed in March and marks a significant addition to the companies’ growing portfolio of multifamily properties.
Located at 2301 Performance Drive, Galatyn Station offers residents a prime location in the heart of the Dallas-Fort Worth Telecom Corridor, with easy access to shopping, dining, and entertainment options. The community boasts 285 luxury apartments, ranging in size from one to three bedrooms, and features an array of high-end amenities, including a resort-style pool, fitness center, and resident lounge.
“We are thrilled to add the Galatyn Station Apartments to our portfolio of multifamily properties,” said Jasper Martin, Vice President of Acquisitions at Kairoi Residential. “The Richardson area has experienced significant growth in recent years as a major hub of international businesses and possesses favorable long-term supply and demand fundamentals. This acquisition is representative of our investment strategy of acquiring assets in growth pockets at a defensible basis while providing residents with the high-quality living experience they desire.”
Ascentris Managing Director, Denis Curran added, “We are pleased to partner with Kairoi Residential on this acquisition and look forward to working together to continue providing exceptional living experiences for our residents.”
Kairoi Residential is committed to providing residents with unparalleled amenities and customer service, and the acquisition of Galatyn Station Apartments aligns with their vision of creating communities where residents can live, work, and play.
About Kairoi Residential
Kairoi Residential is a vertically integrated, multi-family investment, development, and property management company headquartered in San Antonio, Texas. With over 25,000 units in its portfolio, Kairoi Residential is dedicated to providing exceptional living experiences to residents across the United States.
Ascentris is a real estate private equity firm based in Denver, Colorado, focused on value-add investing in transitional and generational real estate across the major property types and markets throughout the United States. Since 2003, Ascentris has managed institutional capital in a series of vehicles utilizing an investment approach and organizational structure that results in its investors getting to opportunities ahead of the market while receiving an unmatched level of service, accountability, and transparency. Ascentris is a privately held and management-owned SEC-registered investment adviser that maintains an unwavering commitment to put its investors’ needs first.