Private real estate investment firm Brixton Capital, based in Solana Beach, Calif., has acquired United Apartment Group (UAG), a San Antonio-based property management firm, for an undisclosed price.
UAG’s portfolio includes approximately 30,000 apartments, primarily in the Southwest and Southeast. Its current management team will remain in place, and it will continue to operate and serve its clients with no interruption to service as well as increased capacity and resources, according to officials.
“Through this acquisition, Brixton Capital will expand our fully integrated platform that includes capital raising, acquisitions, and property management,” said Mark Selman, president of Brixton Capital. “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 had been a longtime UAG customer prior to the acquisition. It will work closely with the UAG team to evaluate market and opportunities for workforce housing investments.
UAG was founded in 1995, and its foundation has been built on a character-based culture centered around trusted relationships. Managing partners Carrie Girgus and Tim Settles will maintain ownership in UAG. Aligning with Brixton Capital will help provide growth opportunities and exposure to a broader geographic footprint.
Brixton 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 in the U.S. and Europe.
