Tricap Acquires Another Apartment Community in Chattanooga, TN
October 30, 2016
FOR IMMEDIATE RELEASE:
October 30, 2016 – Chicago, IL-based Tricap Residential Group, an owner, operator and developer of multi-family properties, is pleased to announce the continued growth with the acquisition of The Links at Reads Lake in Chattanooga, TN. This is Tricap’s third acquisition in Tennessee in the past 18 months.
The property is located on Signal Mountain approximately 10 minutes from downtown Chattanooga. “We are very excited to complete another acquisition in the Chattanooga market and hope to build on the success of Southside Flats, another property in Chattanooga we acquired and renovated over the past 12 months” said President Bryan Pritchard.
Tricap will complete a unit renovation program started by the seller and will look to capitalize on continued strong demand for value conscience apartment communities. The acquisition is part of Tricap’s “buy and hold” strategy of producing long term, stable cash flow for its investor base.
Founded in 2007, Tricap Residential Group is fully integrated multifamily company specializing in property management, acquisition & development, and advisory services in the Midwest. While the extent of our services is exceptional, it is our perspective that makes Tricap unique: An owner’s perspective, drawn from our roots in property acquisition and improvement.
Today, that perspective defines Tricap’s approach to everything we do: the people we hire, the properties we acquire, the tenants we find, and the clients we serve. It drives us to work harder, perform better, and deliver beyond expectations on every project. It also pushes us to constantly improve our expertise and services, by embracing the newest technologies and staying a step ahead of rapidly changing market conditions. It’s a truly personal approach.