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Argyle Real Estate Partners Closes 2023 with Three Key Acquisitions and Positive 2024 Momentum

January 9, 2024

Argyle Real Estate Partners Closes 2023 with Three Key Acquisitions and Positive 2024 Momentum

(Tampa, FL): Argyle Real Estate Partners (Argyle), a real estate investment firm focused on multifamily acquisitions in the Southeast and Texas, released its 2023 results highlighting three key acquisitions grossing nearly $200MM in transactions in its first full year of operation amidst a historically slow economic environment where multifamily investment volume decreased by 62% over the prior year.

"I'm extremely proud of how our team weathered the 2023 storm to acquire three strong assets in promising markets despite very challenging conditions," said Ryan Reyes, CEO of Argyle.  We’re grateful to our partners and investors for allowing us to capitalize on quality, off-market deals to stay ahead of the curve and take advantage of the capital market dislocation we witnessed last year.”

In May 2023, Argyle acquired Indigo at Cross Creek, a 303-unit community in Indian Land, SC (Charlotte MSA).  Later this year, the property will undergo two major capex projects designed to enrich the resident experience including the addition of private yards to various units allowing residents to enjoy their own personal space for outdoor activities, and a new community pickleball court. 

In Q3, Argyle ntered the Nashville MSA with the purchase of Easton Place, a 184-unit apartment complex located in the burgeoning City of Murfreesboro - the 16th fastest-growing city in the U.S. due to its robust employment base and affordability.   In the months following takeover Easton has shown strong performance indicators including aggressive lease trade-outs and positive resident retention.  Argyle will continue bolstering Easton’s performance with the execution of its business plan in 2024.

Newbrook Point Hope, a 264-unit community located in Charleston, SC, was acquired in December marking the Company’s third and final 2023 acquisition.  The property is part of a vast masterplan development that includes multifamily, single-family homes, premier retail and office space, and 3 new A-rated public schools.  Located at the epicenter of this master development, Newbrook is well-positioned for substantial growth as the area continues to develop and attract more residents over the next several years.

“In 2023, we were able to lay the groundwork for success and celebrate some great wins,” said Brandon Rosser, Managing Partner for Argyle.  “We'll look to carry that momentum into 2024 and continue to identify opportunistic investments while maximizing the performance of our existing assets and driving results for our stakeholders.”


Newbrook Point Hope Easton Place Indigo at Cross Creek

Charleston, SC -264 Units Murfreesboro, TN - 184 Units Indian Land, SC - 303 Units


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