895-Unit Texas Apartment Portfolio Trades Hands
Strategic Value Partners acquired a 895-unit multifamily portfolio from Resia. The portfolio comprises the 573-unit Resia Ten Oaks community in Houston and the 322-unit Resia Rayzor Ranch community in Denton, Texas.
Completed in 2024, the Resia Ten Oaks and Resia Rayzor Ranch properties are high quality multifamily assets featuring modern amenities and finishings typically associated with Class A properties.
Affiliate Spirit Management Services, specializing in managing transitional assets, will take over as property manager for both the Resia Ten Oaks and Resia Rayzor Ranch properties. Spirit will rebrand the properties, complete the lease up and stabilize operations.
Oaktree provided the acquisition financing for the portfolio that was arranged by Jamie Leachman and Carter Wroblewski from JLL.
SVP is a global alternative investment firm that focuses on special situations, private equity and opportunistic credit and financing opportunities.
Connect Texas Multifamily in Dallas on August 13 brings together the owners, developers, brokers, investors, and lenders shaping the future of Texas multifamily for a day of market intelligence, networking, and actionable insights. Join 300+ decision-makers and be part of the conversations driving the Texas multifamily market. Register today: www.ConnectTXMF2026.com.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout