SOURCE: Aragon Holdings

Aragon Holdings

June 27, 2016 07:00 ET

Aragon Holdings Pays $170+ Million for 3 State Apartment Portfolio

LOS ANGELES, CA--(Marketwired - Jun 27, 2016) - Aragon Holdings (www.AragonUSA.com) has announced that its Aragon Multi-Family Fund V ("Fund V") has invested $40+ million of equity in a $170+ million, 1,300 apartment unit portfolio. The properties are located in Denver, CO, Dallas, TX, and St. Louis, MO. With this portfolio acquisition, Aragon now has over 12,000 apartment units located across the U.S.

Aragon recently announced the launch of its next fund, Aragon Multi-Family Fund VI ("Fund VI"). Fund VI will follow the same successful investment strategy used by Aragon's prior funds: purchasing well-located multi-family properties that provide immediate tax deferred returns to its investors, through monthly distributions.

"We believe market fundamentals in our targeted geographies are in balance, and there are opportunities to acquire well-located properties that will produce tax deferred monthly income for our investors," said Dan Guy, President of Aragon Holdings. "We are pleased to announce the formation of our sixth Fund, and anticipate beginning to deploy its capital by Q3 this year," Mr. Guy said.

Aragon Holdings is a Private Real Estate Investment and Fund Management Company based in Los Angeles, California, that acquires and manages multi-family assets on behalf of high-net-worth investors. The company manages a portfolio of over $1 billion in apartment assets, located in Albuquerque, Atlanta, Dallas, Denver, Fort Worth, Houston, Kansas City, Orlando, Salt Lake City, St. Louis, and San Antonio.

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