Brixton Capital, a Brutten Global company, has acquired property management firm United Apartment Group (UAG), based in San Antonio, Texas, for an undisclosed price. A longtime UAG customer before the acquisition and new partnership, Brixton Capital will work closely with the UAG team to evaluate markets and opportunities for investments in durable-income workforce housing. UAG will continue to operate and serve its broad base of clients with no interruption in service, and gain additional capacity and resources. The company’s current management team—led by Carrie Girgus and Tim Settles, managing partners with UAG—will also remain in place.
UAG has established itself as one of the U.S.’s premier third-party management companies. UAG’s property management portfolio includes approximately 30,000 apartment homes, primarily in the southwest and southeast U.S. Founded in 1995, the company has been ranked by National Multifamily Housing Council among the top 50 property management companies in the U.S. for four consecutive years, based upon units managed. Aligning with Brixton Capital will provide additional growth opportunities and provide exposure to a broader geographic footprint in the U.S.
“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 seeks to generate outstanding, risk-adjusted returns by unlocking embedded value in commercial real estate transactions spanning all property types. Brixton currently 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 across the United States and Europe.
Read more about this transaction in the San Diego Metro Magazine.