Aviva: ResProp Takes Charge of North Plaza Apartments in Austin
Real Estate News | Jan 28, 2025 | EIN
ResProp Management has been awarded the management contract for Aviva at North Plaza Apartments, located in North Austin, Texas. This community offers over 420 apartment units ranging from one to three bedrooms equipped with modern fixtures and amenities, including high-speed internet and spacious floor plans. ResProp's management aims to enhance the living experience for residents by providing a variety of recreational facilities such as a pet-friendly dog park, swimming pool, and fitness center. The strategic location of Aviva at North Plaza offers easy access to North Austin's diverse attractions, including shopping centers like The Domain and outdoor activities at Walnut Creek Park. ResProp Management, which has successfully managed properties in multiple US states, seeks to add value to this asset through its comprehensive property management services. Mountain Pacific Holdings, the financial sponsor, supports this development with equity solutions for primary and secondary real estate markets.
Sectors
- Real Estate Management
- Real Estate Investment
Geography
- United States – The article discusses activities within the US real estate market, specifically focused on Austin, Texas.
- Austin, Texas – The specific location where Aviva at North Plaza Apartments is situated, contributing to the article's focus.
Industry
- Real Estate Management – This article primarily addresses the management and operation of residential properties, reflecting ResProp's role in managing apartment communities.
- Real Estate Investment – Mountain Pacific Holdings' involvement in financing and developing residential communities highlights the sector's focus on real estate investment.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ResProp Management | Property Manager | Company | A property management company overseeing multiple properties across the US, including the newly acquired management of Aviva at North Plaza. |
| Aviva at North Plaza Apartments | Target Company | Company | A residential apartment community located in North Austin, Texas, offering modern amenities. |
| Mountain Pacific Holdings | Financier | Company | A real estate investment company providing financial backing and development support for projects like Aviva at North Plaza. |
| Alex Pankow | Business Development Team Member | Person | Representative of ResProp Management, involved in expanding their operations in Austin. |