DENVER , Nov. 4, 2024 /PRNewswire/ -- Bow River Capital, a Denver -based alternative asset manager, has announced the acquisition of four multifamily assets within the Rodeo Region, which includes 14 states in the Rocky Mountain West and Southwest. Between July and September 2024 , the Bow River Real Estate Team acquired Flats on Tanglewilde and Knox at Westchase in Houston, Texas , Cottages at Leon Creek in San Antonio, Texas , and Gallerie/ICON Apartments in Kansas City , Missouri.
HOUSTON - Flats on Tanglewilde is a 256-unit Class A apartment complex built in 2013, currently achieving a 92% occupancy rate. Already the fourth largest MSA in the US, Moody's Analytics data shows that Houston is projected to gain 389,000 residents by 2028, an 8% increase in population over US Census Bureau's July 2022 estimates. The property features a mix of two-bedroom (25%), one-bedroom (64%), and studio (11%) units, complemented by luxurious amenities such as a business center, fitness center, swimming pool, and picnic area with barbecue facilities.
SAN ANTONIO - Bow River acquired Cottages at Leon Creek, a 284-unit Class A build-for-rent townhome community. Constructed in 2012 and renovated in 2023, this property stands out in the market due to its low density, expansive 54-acre site, and private yards. Among the five closest comparable build-for-rent properties, Cottages at Leon Creek is the only one offering a range of unique amenities, including a pickleball/basketball court, private w.
