Standard Communities is in three new states following a large acquisition in early November. The portfolio consists of 6,000 apartment homes at more than 60 communities in four states: Arizona, Colorado and Texas join the already popular California portfolio.
Standard's portfolio now covers nearly 27,000 apartment homes, including more than 13,000 new residents from this recent acquisition. The company will invest heavily in the new portfolio with capital improvements and deferred maintenance without displacing residents.
“Our strategic planning in this difficult interest rate environment has allowed us to enter into new states, greatly expand our portfolio and continue to invest in people’s futures by offering them affordable places to live," said Jeffrey Jaeger, Co-Founder and Principal at Standard Communities, in a release.