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POST INVESTMENT GROUP ACQUIRES 328-UNIT APARTMENT COMMUNITY

AMARILLO, TEXAS — Los Angeles-based Post Investment Group has acquired Foxfire Apartments, a 328-unit multifamily property located at 4101 W. 45th St. in Amarillo. Situated on 13.9 acres, the community comprises 41 two-story buildings. Post acquired it out of foreclosure from CW Capital Asset Management, and plans to stabilize and reposition the property, which had an occupancy rate of less than 40 percent at the time of closing. Unit interiors will be renovated and upgraded, exterior improvements will be made and the property will be re-branded. Post’s joint venture partner in the acquisition is a Los Angeles-based private asset management company. Financing for the capital improvements plan is being provided by Chicago-based Wrightwood Capital.

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