Knightvest Capital, a leading multifamily investment and management firm based in Dallas-Fort Worth, announced the acquisition of the Encore Apartments in Plano, Texas. This acquisition represents the first investment from Knightvest Capital's newly launched fund.
The Encore Apartments, located in the Legacy area of North Plano, is a three-story community built in 2013. It features 240 one- and two-bedroom units, a resort-style pool and a fitness center. Knightvest plans to renovate the unit interiors, update the property amenities, and add a resident lounge to enhance the live-work-play experience for residents.
"We've been greatly encouraged by investor interest in our new fund given our differentiated capabilities and strong track record of results," said David Moore, founder and CEO of Knightvest Capital in an official statement. "As the first investment of our new fund, this acquisition represents an important milestone, and it’s a perfect fit for our proven playbook given the value-add opportunity in one of the best markets in the nation."
North Plano is known for its high-wage jobs, excellent schools, and leading entertainment venues. With these renovations, the Encore Apartments will offer a high-quality, affordable housing alternative to new constructions in the area, aligning with Knightvest's strategy to seize opportunities that deliver dependable, market-leading returns.
Founded in 2007, Knightvest Capital specializes in renovating and repositioning multifamily properties. The firm has invested over $10 billion to acquire more than 60,000 units across high-growth metro areas in Texas, Arizona, the Carolinas, and Florida, becoming one of the largest apartment owners in the United States.
For more information, visit Knightvestcapital.com and follow Knightvest on LinkedIn.
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