GVA Real Estate Investments acquires 355 units in fast-growing Austin submarket
AUSTIN, TX – GVA Real Estate Investments has acquired five properties in northeast central Austin, giving the group 355 units in one of the Texas capital’s fastest growing submarkets. The Impact Foundation, one of the nation’s leading non-profits, has invested in the rehab of the properties with the help of GVA.
“We couldn’t be more excited about the acquisition of these properties,” said Alan Stalcup, founder and CEO of GVA Real Estate Investments. “Austin has grown by leaps and bounds, and as the city continues to develop, it’s important that the selection of affordable housing continues to grow, too. Northeast central Austin is a great example of a neighborhood where our investors were able to help responsible growth happen.”
GVA Real Estate Investments acquired the properties on September 15. The group has a dynamic track record of providing above market returns for its investors while simultaneously creating contemporary living that remains realistic for working families. GVA Real Estate Investments is based in Austin, and it is committed to maximizing value from the real estate marketplace in its home city. GVA specializes in both conventional and affordable investment opportunities, giving special attention to expanding sub-markets such as northeast central Austin.
“This acquisition is a perfect example of what we strive to accomplish at GVA,” Stalcup added. “Through owning and managing diverse sets of assets, GVA’s goal is always to simultaneously mitigate risk for investors while tapping into markets that have vast upside. This deal is a fantastic example of that.”
GVA currently holds 17 properties across the country. In addition to Texas, the group has holdings in Colorado and South Carolina.
For more information, visit www.gvapro.com, or contact Alan Stalcup at GVA Real Estate Investments at 512-577-1889.