568 Units acquired near Permian Basin568 Units acquired near Permian Basinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=200402018-05-08T05:00:00Z2018-05-08T22:00:00Z

Sedona Ranch apartments in Odessa.MIDLAND, ODESSA – Fort-Worth based Olympus Property launched its eighth fund by closing on two multifamily properties in separate transactions.

The Texas buys include 568 total units in Midland and Odessa.

The 300-unit Sundance Creek Apartments, located at 3700 Edwards St., Midland was purchased from Sundance Creek LLC of San Antonio.

The 268-unit Sedona Ranch, located at 8001 Brownstone Rd., Odessa, was bought from Greystar.

The two Texas assets represent good investments because of their proximity to the Permian Basin.

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