RSN Property Group and Monday Properties partnership announced the acquisition of Ventura Landings, a 226-unit garden-style apartment community which has been rebranded as Eagle Creek Landing Apartments, in DeSoto, Texas, a prominent suburb in the Dallas-Fort Worth metroplex.
This follows the partnership’s first joint acquisition in Atlanta of Villas at Princeton Lakes, a 210-unit garden-style apartment community in the suburbs of South Fulton, and continues their strategic expansion across high-growth markets.
“The partnership between RSN Property Group and Monday Properties continues to identify assets with exceptional value in the current market climate,” said Reed Goossens, Founder and CEO, RSN Property Group. “Eagle Creek Landing represents a terrific opportunity in the robust DFW market, where many properties are trading at discounts relative to 2022 peaks. Our expertise allowed us to recognize this asset’s potential and provide significant upside for our investors.”
Eagle Creek Landing Apartments offer stylish one- and two-bedroom residences in the heart of DeSoto, Texas. Thoughtfully designed apartments feature modern amenities including granite countertops, hardwood floors, air conditioning and spacious walk-in closets. Residents have access to a vibrant community including a pool, clubhouse, basketball court and on-site laundry facilities. Strategically located with convenient highway access, Eagle Creek Landing provides an ideal balance of connectivity to Dallas, Arlington and Waxahachie while maintaining the tranquility of suburban living.
The property benefits from $4.9 million in recent capital improvements by the previous owner, including 19 upgraded roofs, new double-pane windows and partial interior renovations. RSN Property Group as the operational lead plans to implement additional comprehensive unit upgrades, further enhancing the property’s competitive position and driving resident satisfaction and retention.
“Our new investment in Eagle Creek Landing exemplifies Monday Properties’ disciplined approach, targeting high-value residential properties in dynamic and vibrant growth markets like Dallas-Fort Worth,” said Anthony Westreich, Founding Managing Partner, Monday Properties. “With Eagle Creek Landing, we’re creating immediate value while positioning the asset for even stronger performance. The DeSoto submarket’s strong household incomes, combined with DFW’s exceptional job growth and economic expansion, creates an ideal environment.”
About RSN Property Group:
RSN Property Group is a boutique multifamily real estate investment firm, owned by Australian investors based in the U.S., that specializes in acquiring and operating multifamily properties with high-value-add potential in strong U.S. MSAs. Founded in April 2014, RSN has completed over 26 acquisitions as lead sponsor, representing nearly a billion dollars in transactions and around 5,000 units across five key MSAs. With a solid, proven track record and a straightforward, repeatable execution plan for each asset, RSN is strategically scaling its acquisition efforts to leverage current market dynamics and the strong fundamentals driving the multifamily sector.
About Monday Properties:
Monday Properties is a vertically integrated real estate investment firm that owns, operates, develops and invests in a dynamic portfolio of mixed-use properties. Since 2002, the firm has completed over 88 property transactions representing 37 million square feet and $16 billion in capital value. Monday Properties uses their comprehensive strategy based on high-growth markets and opportunistic investments to deliver unique commercial and residential investment offerings that transform communities and focus on connectivity. The company’s portfolio of 5 million square feet under management includes 6,700 multifamily units that are either developed, planned or under construction. For more information on Monday Properties, please visit www.mondayre.com.
