FOR IMMEDIATE RELEASE
Austin, TX – December 4, 2024 – GVA Real Estate Group, under the leadership of visionary investor Alan Stalcup, has successfully finalized the sale of Chesapeake Apartments, a premier multifamily community located in the heart of Austin, Texas. Known for delivering quality housing and innovative real estate strategies, GVA continues to position itself as a transformative force in the multifamily housing space.
Chesapeake Apartments, a modern and thoughtfully renovated community, has long been a staple in the North Austin rental market. Nestled just minutes from the Austin Greenbelt Trail system, Lakeline Mall, and the Austin Aquarium, Chesapeake offers residents unbeatable convenience and comfort. Residents enjoy access to a sparkling swimming pool, on-site laundry, and beautifully remodeled apartment homes featuring high ceilings, neutral palettes, wood-burning fireplaces, and expansive storage areas. Floorplans range from 501 sq. ft. to 840 sq. ft., offering one- and two-bedroom options designed for both relaxation and functionality.
“This sale represents another successful chapter in our mission to elevate multifamily communities throughout Texas,” said Alan Stalcup, Founder and CEO of GVA Real Estate Group. “Chesapeake Apartments was a strategic investment that brought value to both our residents and investors, and its sale allows us to reinvest into communities in need of revitalization.”
GVA’s Track Record of Success
GVA’s acquisition and subsequent transformation of Chesapeake Apartments is a testament to their dedication to innovation in real estate. Under Alan Stalcup’s leadership, GVA has expanded its portfolio to include thousands of multifamily units across the country, with a focus on improving property performance, resident satisfaction, and community value.
Chesapeake’s location near Austin’s top recreational, shopping, and dining venues made it a prime candidate for repositioning. The improvements made under GVA’s stewardship ensured the community remained one of North Austin’s most desirable places to live.
About GVA Real Estate Group
GVA Real Estate Group is a privately held real estate investment firm headquartered in Austin, Texas. Founded by Alan Stalcup, GVA specializes in the acquisition and repositioning of multifamily assets, with a focus on long-term growth and community enhancement. The firm’s unique value-add strategy has earned it a reputation for revitalizing underperforming properties and creating lasting value.
Media Contact:
GVA Real Estate Group
Phone: (512) 948-7302
Website: https://www.gvamgt.com
Press Inquiries: media@gvamgt.com
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