Fort Worth-based Olympus Property has expanded its Texas portfolio with the acquisition of Boulevard at Frisco Square in Frisco. The community will undergo a name change effective immediately to Olympus Boulevard.
Olympus Boulevard is the third apartment community to be added to Olympus Property’s seventh fund, WW Olympus Property VII LLC. This fund provides a geographically diverse blend of several multifamily assets throughout the United States to provide investors stabilized cash flow over time.
“Olympus Boulevard is located in one of the strongest job growth submarkets in the United States. The deal was acquired on an attractive basis with plenty of room for upside,” said Chase Bennett, senior acquisitions manager at Olympus Property.
Completed in 2009, the 282-unit luxury mid-rise community is strategically located along the Dallas North Tollway growth corridor, specifically within Frisco’s $5 Billion Mile and north of Legacy Business Park. The Boulevard at Frisco Square is located within Frisco Square, a master-planned development funded in part by the city of Frisco.
Olympus Property, founded in 1992, is a fully integrated real estate investment firm based in Fort Worth.