Brixton Capital Acquires San Antonio Property Management Firm UAG

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  2. Brixton Capital Acquires San Antonio Property Management Firm UAG
Brixton Capital Acquires San Antonio Property Management Firm UAG

Brixton Capital has acquired property management firm United Apartment Group (UAG), based in San Antonio, Texas, for an undisclosed price.

UAG’s property management portfolio includes approximately 30,000 apartment homes, primarily in the southwest and southeast U.S. The company’s current management team will remain in place.

“Through this acquisition, Brixton Capital will expand our fully integrated platform that includes capital raising, acquisitions and property management,” said Mark Selman, president of Brixton Capital. “We will increase our foothold in the necessity housing market, while current UAG clients will continue to enjoy the same high level of service and leadership.”

Brixton Capital, a longtime UAG customer before the acquisition and new partnership, will work closely with the UAG team to evaluate markets and opportunities for investments in durable-income workforce housing. UAG will continue to operate and serve its broad base of clients with no interruption to service, as well as with additional capacity and resources.

Carrie Girgus and Tim Settles, managing partners with UAG, are proud to join the Brixton family of companies. UAG, founded in 1995, has been among the top 50 property management companies in the U.S. for four consecutive years, based upon units managed, as ranked by National Multifamily Housing Council. Girgus and Settles will maintain ownership in UAG.

UAG has established itself as one of the U.S.’s premier third-party management companies. Its foundation is built on a character-based culture centered around trusted relationships. Aligning with Brixton Capital will provide additional growth opportunities and provide exposure to a broader geographic footprint in the U.S.

Brixton Capital is a preeminent private real estate investment firm that seeks to generate outstanding, risk-adjusted returns by unlocking embedded value in commercial real estate transactions spanning all property types. Headquartered in Solana Beach, California, Brixton is led by a team of seasoned commercial real estate experts with an average of more than 25 years of experience.

Brixton currently owns and operates a portfolio valued in excess of $1 billion, representing over 10 million square feet of multifamily, retail, office, industrial and land investments across the United States and Europe.