SAN ANTONIO, TX – DJE Texas Management Group (DJE), a vertically integrated real estate investment and management company based in San Antonio, has closed on The DJE North Portfolio.
The North Portfolio contains 600 apartment units throughout three apartment communities in North Central San Antonio. The properties are located at: 12221 Blanco Road, 7302 University Row, and 8631 Fairhaven Street.
The three properties are conveniently located within 15 minutes of each other and are situated ideally amongst DJE’s other multifamily properties in the same submarket. DJE Properties, will manage the asset and do a $5.2M value add business plot that includes a rebrand, property renovations, and operational improvements. Renovations will include the addition of washer/dryer units, amenity upgrades in all units, exterior community building and swimming pool upgrades.
Devin Elder, Founder, and CEO of DJE Texas Management Group is excited about this large, multi-asset renovation project, and is working diligently with his team to coordinate and direct everyone involved as the project gets underway. Elder states, “This multi-property renovation project will not only enhance the communities in which they are located, but it will also help to meet the city’s growing need for quality housing.”
The majority of property improvements are expected to be completed by the end of 2023. To date, the organization has invested in over 5,000 apartment units across 17 multifamily real estate assets. and continues to expand its portfolio. DJE Texas Management Group holds firm to its core values and strives to make passive investment strategies where everyone involved wins.

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AUSTIN, TX – FCP and VaultCap Partners announce the acquisition of Huntington Meadows apartments, a 200-unit multifamily property at 7000 Decker Lane in Austin, Texas. Huntington Meadows is the first acquisition in Austin for both FCP and VaultCap and was sourced through an off-market opportunity based on an existing relationship. Terms of the transaction were not told.
“Huntington Meadows provided FCP with an brilliant opportunity to enter the Austin market with a well-located affordable property in a quickly growing submarket with limited supply,” said FCP’s Cole Kellogg. “Huntington Meadows will be our third investment alongside VaultCap. Our commitment to and experience with a large portfolio of affordable and moderate-income properties provided us with the background to get TDHCA approval to operate this mixed affordable asset.”
Huntington Meadows is the 18th multifamily investment for FCP in Texas over the last 4 years.
“Mark (Christ) and I are incredibly excited to continue our FCP relationship with the Huntington Meadows acquisition. To be able to enter the Austin market with an asset of this quality and attractive basis is a real boon for our firm,” said VaultCap Partners’ Ryan Heddleston.
Huntington Meadows provides residents with brilliant access to major Austin highways including I-35, I-183, and I-13 with connections to major employers Tesla, Austin-Bergstrom Airport, NXP Semiconductors, and the Decker Lane Industrial area. The community is proximate to restaurants, retail, and service providers with immediate adjacency to the 208-acre Colony Park redevelopment that will result in up to 3,000 homes, grocery-anchored commercial and retail space, and a transit center with the potential for a MetroRail station to connect to downtown Austin.
FCP and VaultCap extend their appreciation to Wes Racht, Bard Hoover and Nick Fluellen of Marcus & Millichap for their representation of the seller.

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HUNTSVILLE, AL – The Kirkland Company announced the sale of The Windsor, an 88-unit complex, and Cambridge Court, a 64-unit complex, both located in the heart of Huntsville, Alabama. The combined buy price for both properties is approximately $17,500,000. The properties are comprised of studio, one-bedroom and two-bedroom apartments.
“Windsor and Cambridge are a perfect pairing for our entry into the Huntsville market. We have been attracted to Huntsville for a few years’ time. The job demand drivers, high levels of intellectual capital, wonderful lifestyle and general affordability are exactly what we seek in investment markets. We are keen to grow our local portfolio vastly in the next 12 months and hope to find opportunities to place our capital to work,” said Jonathan More of Mayfair. “Eric Hardesty of the Kirkland Company is a consummate professional and had a brilliant handle on all moving parts throughout the deal process.”
“This was a particularly challenging transaction with two disparate, yet experienced sellers. Mayfair and Navarino performed very well, dual tracking the transactions, and closing both deals simultaneously despite the market volatility and economic headwinds”, said Eric Hardesty. “We look forward to getting many more of these done in the future with Navarino and Mayfair.”
Eric Hardesty, Stephen Perlis, and Wade Lowry brokered the transaction between the buyers, Mayfair and Navarino, and the sellers, 3MC Partners and Penn Capital Group.

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