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NEWS

News, Blog Posts, and Company Updates provided by members of the Paskin Team

Multifamily Rents in the Dallas and Forth Area explode and which brings higher cash flows and returns than expected!
Now is a great time to be invested in multifamily real estate.  US Market rent growth has been very strong and is at a pace of 3x the historical average.  Market rent growth is a very positive indicator for higher cash on cash returns and higher valuations over the next 12 months.
We continue to remain disciplined as a company to maximize upside when available, continue to improve the resident experience, and target investment opportunities in locations which will see strong rent growth in the future.
New Acquisition: Peregrine Place Apartments

The Paskin Group (TPG) is pleased to announce the purchase of our latest multifamily investment property; Peregrine Place Apartments in Denver, Colorado. This is the company’s 4th acquisition of the year totaling over $128M in new investments.

Peregrine Place is TPG’s 17th apartment community investment, which now totals over 2,500 units located in 10 cities throughout the US. TPG is excited to continue its growth in Denver; a top-tier city for growth due to its desirable culture, level of affordability, educated workforce, and pro-business state policies. Peregrine Place adds 65 apartment homes to TPG’s expanding portfolio of income-producing real estate spread throughout California, Texas, and Colorado.

This community features apartment homes and amenities that compete against newer vintage properties in the adjacent and affluent Cherry Creek neighborhood, and at a material discount. This area of Denver has desirable retail with Whole Foods less than 1 mile away.  There is a great proximity to jobs both downtown at the Denver Tech Center.  We have had great success owning and operating apartment communities which are the low-cost housing option and have an opportunity for improvement. We have begun adding carports, renovating the common area, and apartment home upgrades, which have been successful at our 16 other Paskin Group communities.

Michael J. Paskin, the company’s Founder and CEO stated, “My team and I feel very fortunate for The Paskin Group’s continuing success in this competitive market.  We credit our incredible year to prioritizing our employees’ and residents’ safety, being disciplined in our acquisition process, and executing on a disciplined investment strategy. We take great pride in providing apartment homes for nearly 4,500 people, especially during the last 18 months when there has been so much uncertainty in the world.”

The Paskin Group is headquartered  in Santa Barbara, CA and has employees spread throughout their Colorado, California, and Texas offices. 

Veterans Airlift Command Flight with Michael Lammey
Veterans Airlift Command is an organization that coordinates private air transportation to post 9/11 combat wounded and their families for medical and other compassionate purposes.
Michael Paskin, The Paskin Group’s President & CEO, is a proud pilot volunteer for the organization and had the honor of transporting US Navy Petty Officer Michael Lammey and his family from San Antonio to San Diego today so that the Lammey family could see their daughter for the first time since graduating from the Naval Academy in 2020. Petty Officer Lammey suffered 3rd degree burns to 48% of his body after a boiler he and his shipmates were working on, exploded. The blast affected six seamen with two fatalities. Lammey spent several years in rehabilitation, he has had over 50+ surgeries and counting.
The Paskin Group proudly supports the men, women, and families that serve our great country. To learn more about this organization, please visit  www.veteransairlift.org. To watch a video with Michael Lammey’s story please use this link. Navy Petty Officer 1 Michael Lammey

 

 

New Acquisition: 301 Greenville

The Paskin Group is thrilled to announce the closing of our latest investment property. This garden-style apartment community is located in the desirable suburb of Allen, TX. The 200-unit community brings our total count to over 2,300 apartment homes across the Dallas/Fort Worth metroplex, Austin, and Denver. We now employ 70 real estate professionals between our offices in Santa Barbara, CA and Plano, TX.

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