The Paskin Group is pleased to announce the purchase of their latest multifamily investment property, The Fairways on Prestonwood Apartments in Dallas, Texas.
An article published by the Santa Barbara News-Press mentions The Paskin Group’s success, as this is the company’s 15th apartment community investment, which now totals over 2,100 units across the Dallas – Fort Worth metroplex, Austin, and Denver. Dallas – Fort Worth continues to be a top-tier location for growth due to its desirable culture, level of affordability, educated workforce, pro-business government, and no state income tax.
This is the first acquisition for The Paskin Group in 2021 and adds another 156 apartment homes to their expanding portfolio of income-producing real estate spread across 14 cities throughout California, Texas, and Colorado.
“My team and I feel very fortunate for our company’s continuing success in this competitive market. Fairways is our 3rd investment acquisition since the Covid-19 pandemic hit the US. Our recent success is directly credited to prioritizing our employees’ and residents’ safety, then executing on our disciplined investment strategy, which includes effectively managing these assets in a demanding environment.” stated Michael J. Paskin, the company’s Founder and CEO. “Our team takes great pride in providing a home to nearly 4,000 people, especially during these last 10 months when there has been so much uncertainty around us. Part of The Paskin Group’s investment thesis encompasses the idea that providing an affordable roof over someone’s head seldom goes out of demand. Our investors are very pleased with how our investments have performed during such an otherwise volatile time and look forward to our company’s future.”