Strategic Value Partners has acquired a 895-unit multifamily portfolio from Resia, adding two recently completed Texas properties to its holdings. The transaction includes Resia Ten Oaks, a 573-unit community in Houston, and Resia Rayzor Ranch, a 322-unit community in Denton, Texas, for a combined total of 895 apartments.
Both properties were completed in 2024 and are described as high quality multifamily assets. According to the parties, the communities feature modern amenities and finishings that are typically associated with Class A multifamily properties, positioning the portfolio in the upper tier of the rental market in their respective cities.
As part of the transaction, affiliate Spirit Management Services will assume property management responsibilities for Resia Ten Oaks and Resia Rayzor Ranch. The firm specializes in managing transitional assets, and its mandate at these communities includes rebranding the properties, overseeing the remaining lease-up, and working to stabilize ongoing operations.
Acquisition financing for the portfolio was provided by Oaktree. The financing was arranged by Jamie Leachman and Carter Wroblewski of JLL, who structured the debt package supporting Strategic Value Partners’ purchase of the two-property portfolio.
Strategic Value Partners is described as a global alternative investment firm with a focus on special situations, private equity, and opportunistic credit and financing opportunities. The acquisition of the Resia Ten Oaks and Resia Rayzor Ranch communities aligns the firm with recently delivered, Class A-style multifamily assets in Texas that are still in the process of being fully leased and operationally stabilized.
