LOS ANGELES, CA — (Marketwired) — 10/15/14 — (PPC), an affiliate of , today announced its of a 97-unit multifamily complex in Dallas, Texas, known as one of the hottest in the United States. Ken Chong, Director of Capital Markets for Paladin, described the new acquisition by stating, “This attractive C+ property is a well maintained 97-unit multifamily community built in 1974 and renovated in 2007. It sits on four acres and consists of 12, two-story townhouse style buildings with condos across the street.”
Los Angeles-based Paladin Preferred Capital, LLC is a joint venture between industry veterans BRC Advisors, CREX Inc. and Bellaire Investments, Inc. As an affiliate of BRC Advisors, Paladin has the unique advantage of having access to over 100 in the BRC Advisors network, combined with the syndication expertise of CREX, Inc. and the experience of Bellaire Investments, Inc.
In explaining why Dallas was selected for the acquisition, Paladin President George Lintz says, “If you think it is difficult to find good multi-family investments in Southern California, just about everyone would agree with youCap rates in the low 4% range just do not produce reasonable cash flow or a safety cushion for today–s investor. In addition, one must take into account the risk factors from economic slowdowns, increased interest rates and future higher cap rates, which have significantly impacted buying decisions.” While Dallas is a very desirable location for acquisitions, he says U.S. buyers must do a lot of sourcing to find well-priced assets there.
Experts predict that no other market will add as many jobs as Dallas in 2015. Toyota recently announced that it is moving its U.S. headquarters from California to Texas, which is expected to create 4,000 jobs. Texas is a business-friendly state with no state income tax and significantly lower electricity and gas prices compared with those of California.
PPC–s affiliation with BRC Advisors has created a powerful alliance with access to deal flows all over the country, along with shared resources to and while remaining fully compliant.
BRC Advisors enjoys a close relationship with the (AREAA), placing BRC Advisors in a leadership role in the Asian American real estate community.
To learn more about Paladin Preferred Capital, please visit .
For more information about BRC Advisors, please visit: .
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