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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BEAVERTON, OR – Freshwater Investments has bought 84-unit Hanover Apartments in Beaverton, Oregon for $26.5 million. Built in 1998, an ideal vintage for value-add strategy, the property is comprised of excellent size 1-, 2- and 3-bedroom apartments with an average unit size of 918 square feet.
Ideally located within Beaverton, one of Portland s most coveted suburban areas, the Hanover property is only 15-minute drive from the Portland downtown. Freshwater is not a novice in this market as it has been operating Maybeck Apartments in Tigard, Oregon – a well performing asset located 9 miles from the Hanover.
With the rising interest rate, we are certainly observing the shift in the market. Based on my daily conversations with the brokers, many deals are now falling apart due to this turbulence. We had secured the favorable interest rate right before things got shaky and despite the current market conditions closed the deal without any hiccups , said Alex Rozenfeld, Freshwater Founder and Managing Partner. We saw a tremendous interest in this deal from our investors, with a record number of new investors and the demand exceeding our equity needs. Given the inflation on the rise and the recent struggles of the stock market, our investors know – diversifying into real estate is a way to strengthen their portfolios.
The CBRE team has brokered the transaction and Josh McDonald, Senior Vice President at CBRE Multifamily, commented: “It was an absolute pleasure working with the Freshwater team on our first of what will be many deals in our market. The Freshwater reputation has always been a “5 Star” rating as described by our partners in Seattle and colleagues in the West, and they proved to live up to that reputation. We look forward to working with them on additional opportunities in the future.”

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