MEMPHIS, TN - Fogelman Properties (Fogelman), one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of The Fenwick, a newly rebranded community formerly known as Advenir at Eagle Creek. Fogelman acquired the 258-unit apartment community in Humble, Texas, a city in the Houston metropolitan area, and has since renamed it to align with upcoming renovations and property enhancements.
Built in 2008, The Fenwick features one, two and three-bedroom apartment homes with rental rates starting at $1,094 per month. The recently acquired property is 91% occupied and managed by Fogelman. Fogelman’s investment plan includes upgrades to the interior units, amenity areas, clubhouse, dog park and landscaping.
Fogelman acquired The Fenwick through a joint venture with the Dallas-based company, Thackeray Partners. The closing marks the 17th acquisition for the Fogelman-Thackeray partnership, totaling more than 4,000 units.
“We are delighted to expand our partnership with Thackeray and add The Fenwick to our growing portfolio, which now totals 100 communities and 28,000 units,” says Thomas Henry, VP of Investments at Fogelman. “Humble continues to be an attractive submarket within the Greater Houston area, offering convenient access to major employment hubs, top-rated schools and a wealth of retail and recreation options.”
About Fogelman Properties: Fogelman is one of the country’s largest and most experienced privately-owned multifamily investment and property management companies. As a fully integrated company with more than 60 years in the industry, Fogelman specializes in multifamily acquisitions, property management, construction management and asset management. Nationwide, Fogelman operates 100 multifamily communities totaling more than 28,000 apartment homes across 13 states in the Southeast, Southwest and Midwest. Fogelman ranks as a nationwide Best Places to Work in Multifamily®, published annually by Multifamily Leadership and as a top 40 company by Multi-Housing News. Fogelman is also recognized as one of Newsweek’s Most Loved Workplaces®. For more information about Fogelman, please visit www.fogelman.com or follow us on Facebook, LinkedIn and Instagram.