Brixton Capital Acquires San Antonio Property Management Firm UAG
By Les Shaver
UAG’s property management portfolio includes approximately 30,000 apartment homes, primarily in the southwest and southeast U.S.
Brixton Capital has acquired property management firm United Apartment Group (UAG), based in San Antonio, Texas.
UAG’s property management portfolio includes approximately 30,000 apartment homes, primarily in the southwest and southeast U.S. The UAG current management team, including Managing Partners Carrie Girgus and Tim Settles, will remain in place.
“Through this acquisition, Brixton Capital will expand our fully integrated platform that includes capital raising, acquisitions and property management,” Mark Selman, president of Brixton Capital said in a news release. “We will increase our foothold in the necessity housing market, while current UAG clients will continue to enjoy the same high level of service and leadership.”
Brixton Capital, a longtime UAG customer before the acquisition and new partnership, will work closely with the UAG team to evaluate markets and opportunities for investments in durable-income workforce housing. UAG will continue to operate and serve its broad base of clients with no interruption to service, as well as with additional capacity and resources.
UAG, founded in 1995, has been among the top 50 property management companies in the U.S. for four consecutive years, based upon units managed, as ranked by National Multifamily Housing Council. Girgus and Settles will maintain ownership in UAG.
Brixton currently owns and operates a portfolio valued in excess of $1 billion, representing over 10 million square feet of multifamily, retail, office, industrial and land investments across the United States and Europe.