Polaris Real Estate Partners

is excited to announce a new partnership with , a nonprofit organization dedicated to supporting individuals transitioning from the justice system back into society.
With the statement “Retraining Your Mind, Realizing Your Purpose”, Prison to Purpose aims to transform the lives of those impacted by incarceration by providing them with the tools and skills necessary for a successful reentry into the community. Through education, mentorship, and job readiness training, the organization helps individuals discover and embrace their new purpose.

https://polaris-lp.com/polaris-and-prison-to-purpose/

Polaris and Prison to Purpose Partner to Support Reentry Program Polaris Real Estate Partners Polaris is excited to announce a new partnership with Prison to Purpose, a nonprofit organization dedicated to supporting individuals transitioning from the justice system back into society. With the statement "Retraining Your Mind, Realizing Your Purpose", Prison to Purpose aims to transform the li...

Polaris celebrated this Valentine’s Day with a heartwarming community-wide event. The management team at Polaris created a memorable occasion for residents, ensuring a delightful experience for all.

Read more at: https://polaris-lp.com/polaris-hosts-valentines-day-celebration/

(“Polaris”) is pleased to share the achievements of 2023 and outline its plans for 2024. The past year included team expansion and portfolio income growth. We remain committed to enhancing residents' lives through social impact programs and community initiatives.

Ron Abta and Travis Pacoe, General Partners of Polaris, expressed optimism about the industry and the economy despite the challenges of 2023. "We look forward to collaborating with our partners and stakeholders on current and future investments," they said.



https://lnkd.in/gQrkdnqr

Embracing the spirit of gratitude this , Polaris Real Estate Partners (“ ”) held heartwarming food across all of its properties to express sincere appreciation to its residents.

For further details, check out the full article in the link below.

TURKEYS AND FOOD GIVEAWAY DURING THANKSGIVING AT POLARIS PROPERTIES - Polaris Real Estate Partners Dallas, TX (Dec. 2023) – Embracing the spirit of gratitude this Thanksgiving, Polaris Real Estate Partners (“Polaris”) held heartwarming food giveaways across all of its properties to express sincere appreciation to its residents. On Thanksgiving Day, onsite managers took the initiative to sou...

Exciting news from Polaris Real Estate Partners this week! We’re delighted to announce that we recently held TV giveaway raffles for all of our properties. These special giveaways were exclusively for new residents who moved in during the month of November. 📺🎉

(PREP) was thrilled to celebrate our recent launch of our brand-new career site at our Pacifica in October, along with an exciting Family Fun Day event! This collaboration with the South Dallas Employment Project ( ) and will enable us to extend our job training and placement services to all our residents.

PREP General Partner, Travis Pacoe, was able to attend the event and shared his insights on this event:  “We are truly excited about the potential impact of this partnership and our new career site. The combined efforts represent a step towards a more empowered community.”

The Pacifica Service Center is hoping to help residents professionally so that they achieve greater economic mobility. The center offers a wide range of assistance for both digital and soft skills training. They have strategic partnerships with industry leaders, including Microsoft, Google, Coursera and more to ensure that the skills acquired through its programs are not only relevant, but also highly competitive in the ever-evolving job market.

PREP’s Current Portfolio

  - 396 Unit Multifamily Community in  , TX
  acquired Mill House in February, 2018. The unit mix is excellent, with 76% of the properties’ units configured as either two bedroom of three bedroom floorplans. 
🔹 New Fitness Center
🔹 Children’s Playground
🔹 Grill / Picnic Area
🔹 Laundry center 24/7
🔹 On-site management
🔹 Maintainace team
🔹 Pet-friendly
🔹 Top Rated Dallas Independent School District

To learn more about PREP’s Multifamily Investments, schedule a call with us, linked in our bio.

        

Meet Ms. Lamiya, one of the junior high school students who applied for our Scholarship Program. Throughout her academic journey, she has immersed herself in various STEM-related courses. She's been actively involved in robotics competitions since middle school and even took part in a team experimental competition for NASA during her sophomore year of high school.
 
What makes her journey even more inspiring is that she will be the first in her family to attend college. Her plan is to major in computer science, with the possibility of minoring in either mechanical engineering or architecture.
 
While Lamiya didn't qualify for our scholarship this time, as a token of support and appreciation, Polaris decided to award her with a laptop to assist in her educational journey.

The Polaris Community Foundation, a 501(c)(3) non-profit organization, awards annual scholarships to qualified high school students and young adults who live in one of our communities and who will be pursuing a College education.

Ms. Brittney, a mother of four teenage daughters, ranging in age from 2 to 17, and a dedicated claims associate.

In her teenage years, Brittney faced the unexpected challenge of becoming a mother, but rather than letting it deter her, she successfully completed high school. And now, she decided to further her education.

Brittney's decision to pursue higher education isn't just about personal growth; it's also a powerful message to her teenage daughters. She wants to demonstrate to them that with hard work and determination, anyone can improve themselves and reach their goals.

Brittney will be enrolled in an online course as a claim specialist at the University of Phoenix this upcoming fall. We hope that this Gold scholarship of $4,000 that she received will provide her with the essential financial support she needs.

The Polaris Community Foundation, a 501(c)(3) non-profit organization, awards annual scholarships to qualified high school students and young adults who live in one of our communities and who will be pursuing a College education.

Meet Ms. Sonia, a first generation sophomore college student at TWU who is currently pursuing a major in Biology along with a minor in Chemistry.

The decision to choose between Biology and Chemistry posed a challenge, but Sonia ingeniously devised a way to embrace both courses. Looking ahead, her aspirations are set on attending medical school and securing a spot in a NICU residency. Her heart's desire is to make a meaningful impact on the lives of premature infants and to offer solace to their families through patience and compassion.

Sonia's ultimate vision involves advocating for the voiceless and becoming a proud member of the mere 2.4% of Latinas who wear the physician's coat. Her purpose is not just to make a difference, but to embody the difference itself. This unwavering passion is the driving force behind her meticulously planned journey towards a lifelong career.

Sonia received our Gold Scholarship of $4,000 but with her inspiring story, we awarded her $1,000 more, for a total of $5,000. Polaris feels honored to stand by her side as she pursues her education. We extend our heartfelt best wishes to Sonia as she endeavors to turn her dreams into reality.

The Polaris Community Foundation, a 501(c)(3) non-profit organization, awards annual scholarships to qualified high school students and young adults who live in one of our communities and who will be pursuing a College education.

🎒 (PREP) is bringing back our much-awaited annual backpack giveaway this year! 📚✏️ As the season approaches, we're thrilled to support our young residents by providing them with backpacks and essential supplies. Stay tuned for more updates! 🎉🌟

POLARIS REAL ESTATE PARTNERS BUYS 90 UNIT MULTIFAMILY PROPERTY

(PREP), a principal investor and manager of multifamily properties, is excited to announce its purchase of The Enclave, a 90 unit stabilized asset in .

"We have acquired The Enclave at a low cost per unit, despite Austin experiencing a 27% increase in rental rates since the beginning of 2021. We purchased the property all cash to eliminate financing risk in today’s challenging borrowing environment," stated Travis Pacoe, of PREP. General Partner Ron Abta further emphasized the unique advantage of The Enclave's proximity to a proven asset, stating: "With the neighboring property, we have a strong opportunity to leverage existing resources and optimize operational efficiency between these two adjacent properties."

Specializing in in the continental United States with 4,717 units under ownership and management, PREP’s senior management team has an average of 25 years of experience. As of December 2022, PREP’s average net return to its investors on the last 16 properties sold was 132%, or 29% annualized with an average investment period of 4.4 years. PREP, through its programming, remains deeply committed to making a positive impact in the communities it serves while seeking individual properties or portfolios of 200 to 1,000 units in its targeted areas.

To learn more about our new investment, please visit: https://lnkd.in/gkeQxppn

continues to maintain an impressive streak of 27 consecutive months of job gains, demonstrating its resilience in the job market.

In May alone, the state's employers added a significant 51,000 new positions, surpassing all other states in terms of . This data was released by the Texas Workforce Commission and the U.S. Bureau of Labor Statistics.

Governor Greg Abbott credited Texas' thriving environment as the driving force behind this remarkable job growth. In a statement, he highlighted the state's robust economy, surpassing 15 million individuals in the labor force and exceeding the population of 46 other states. This achievement reinforces the notion of a prosperous and promising future for Texas.

Read full article: https://lnkd.in/gSfmF-AK

From all of us at , have a Happy and Safe 4th of July! 🇺🇸🎆🎇

🎬 We had an amazing Movie Night at The Watermark apartments, and it was a huge success with a fantastic turnout from our awesome residents. 🌟🎉 🍿✨ We're thrilled to see such great community engagement and can't wait for more fun events in the future. 🎥

       

: The planners of organized a virtual meeting to discuss the proposed project, which is a 20-mile light rail line that will run north-south along and , starting from the & Ride at Howard Lane and extending south to Slaughter Lane.
 
As a key component of Project Connect, the city's voter-approved $7.1 billion public transportation vision plan in 2020, the Orange Line is one of two planned light rail transit corridors. Alongside the Blue Line, an 8.2-mile light rail line connecting Republic Square in downtown Austin to the Austin-Bergstrom International Airport, the Orange Line will act as the central backbone for a new regional high-capacity transit network.
 
The conclusion of the plan is anticipated to take place in the fall, coinciding with the release of the final environmental impact statement and the securing of the FTA record of decision by winter or early 2023.

Read full article:

       

To welcome the arrival of the season, our properties have been hosting opening parties and introducing a range of engaging summer programs for residents. These events aim to bring residents together for fun-filled community activities and provide swimming lessons for the youth.

Throughout the summer, residents can look forward to an array of activities, including fun events such as , our annual , and more. Partnering with local vendors such as the Kona Ice Food Truck, as well as BBQ and Pizza restaurants, we aim to provide a series of unforgettable experience for all residents. These gatherings serve as a testament to Polaris Real Estate Partners' commitment to providing exceptional living experiences and fostering a sense of belonging and community among residents.

To read full blog

       

🎉 Happy Father's Day to all the extraordinary dads out there! 🎉

To all the dads who work tirelessly to provide for their families, who teach us valuable life lessons, and who are always there with a listening ear and open arms, we say thank you. 🙏💪 Your dedication and unwavering support are truly remarkable.

PREP’s Current Portfolio

- 192 Unit Multifamily Community in , TX acquired The Harrison in November, 2017 – a welcoming community boasts proximity to everything you love about the big city, while also maintaining a serene standard of living.

🔹 SPACIOUS 1 to 2 BED APARTMENTS
🔹 SPARKLING SWIMMING POOL
🔹 BRAND NEW FITNESS CENTER
🔹 NEW UPGRADED CHILDREN’S PLAYGROUND
🔹 PET-FRIENDLY
🔹 STEPS TO NEARBY, DINING, ENTERTAINMENT & RECREATION

PREP specializes in multifamily investment in the continental United States, with a senior management team averaging 26 years of commercial real estate experience. PREP’s portfolio consists of 4,627 units under ownership and management with an estimated portfolio value of $680MM. As of 12/31/22 PREP’s average net return to our investors on the last 16 properties sold was 132%, or 29% annualized with an average investment period of 4.4 years. The company remains deeply committed to making a positive impact in the communities it serves while seeking individual properties or portfolios of 200 to 1,000 units in its targeted areas.

To learn more about PREP’s Multifamily Investments, connect & invest: https://lnkd.in/gnY6nmR2

Exciting News! Wells Fargo's impressive $500 million campus is set to become the new home for thousands of dedicated bank employees. Breaking ground in Irving, , the much-anticipated two-tower office campus spans an impressive 850,000 square feet and is located just 14 miles northwest of downtown Dallas.

Once completed, Wells Fargo plans to consolidate over 800,000 square feet of office space from 14 different locations throughout - into this remarkable campus. During the groundbreaking ceremony, CEO Charlie Scharf expressed the company's commitment to the Dallas-Fort Worth region, where they have added approximately 1,200 jobs in the past five years. Their workforce in the area now totals 6,800 employees, with a strong focus on technology and risk management roles.

“ is proud of our long-term presence in the Dallas-Fort Worth region, and this new, state-of-the-art facility reaffirms our commitment to this market,” Scharf said. “We know the value of having our employees working alongside each other, and we’re excited to give them a collaborative environment that prioritizes wellness and sustainability.”

Read full article

To learn more about PREP’s Multifamily Investments, schedule a call with us, linked in our bio.

Throwback to the epic pool party ! 🎉🌊🔥 We made a splash last week, creating unforgettable memories under the sun. ☀️🏖️ Thank you to everyone who joined us for an incredible day of fun and making waves! 🙌🎊 Stay tuned for more amazing events coming your way. 🌟

This we honor those who made the ultimate sacrifice in service to our country and to their families.

Great news! 's decision to lease a significant amount of space in indicates their continued and confidence in the city's tech sector. Austin has been a hub for technology companies, and IBM's presence since 1967 showcases their long-standing commitment to the region.

The move to lease 320,000 square feet across two newly proposed buildings demonstrates IBM's intention to expand its operations and potentially accommodate a growing workforce in Central . "It's very clear that IBM is taking a stand that Austin is a great place to be," Dexter Henderson, senior local executive for IBM Austin stated.

IBM's presence and continued investment in Austin can contribute to the city's tech ecosystem, job creation, and economic growth.

Read full article here: https://www.bizjournals.com/austin/news/2023/05/03/ibm-new-austin-home-domain-lease-hines.html

To learn more about PREP’s Multifamily Investments, schedule a call with us: https://tinyurl.com/2axyh3u4

Grateful for all the wonderful moments shared during our Mother's Day Celebration in our communities! 💐 Thank you to everyone who joined us in honoring the incredible moms in our lives. Your presence made it extra special. 💕

acquires multifamily properties throughout the U.S. Our goal is to enhance the living experience and enrich the lives of our most valuable asset – the residents who choose to live at our communities.

The general partners of Polaris have collectively in excess of 50 years in ownership and management of income producing properties and have been investing continuously for 29 years. We have acquired approximately 7,138 units as part of our existing portfolio and own multifamily real estate assets in Kansas, Missouri and Texas. The principals have invested successfully in 33 commercial real estate markets in 9 states.

Polaris Real Estate Partners updated their phone number.

Resident Appreciation Day at Forest Hill Apartments, Dallas👍

Why Financial Literacy Is So Important?

Every few years, the Financial Industry Regulatory Authority (FINRA) issues a five-question test as part of its National Financial Capability Study, which measures consumers’ knowledge about interest, compounding, inflation, diversification, and bond prices. On its most recent test, only 34% of those who took the test got four out of five questions correct, which suggests that the basic economic and financial principles that underpin these problems are widespread.

Understanding the importance of it, Polaris has partnered with FPA of Dallas/Ft. Worth to provide sessions for residents to have more knowledge about financing. The purpose of this quarter’s class is about planning financial for uncertain times. The idea behind the fire drill is that if you were ever in a catastrophic situation where you no longer had your monthly income, you’d need to dip into your savings or emergency fund to take care of yourself. If you avoid using your monthly income, and instead dip into your back up plan, you’ll see just how well your system can hold up. This can also be a great way to save extra money during the month.

As we are approach the second quarter of 2021, there are encouraging developments that the Covid-19 pandemic impact is slowly improving, and life can become normal as more people are getting vaccinated. As providers of housing, we feel it is our responsibility to make sure our residents always feel safe and happy in our community during this transition to normalcy.

One of our ideas that we have recently decided to implement across all communities was partnering with Little Free Library, a non-profit organization focused on helping communities share books by installing book-sharing boxes across communities in America. By partnering with Little Free Library, we were able to install these libraries in each leasing office for the residents to come and find new books as well as share their own favorite books for others to read. We also get many books donated from local libraries and schools to make the libraries’ collections more diverse.

We believe these libraries can have a profound impact in increasing access to books for readers of all ages and backgrounds. The wide variety of these book collections also encourage people in the community to access a diverse source of information and perspective from our own residents. Access to books is also cited as the number-one predictor of a child’s ability to thrive in school. We hope this Little Free Library can bring the community together and help with the diversity issues that are prevalent across US communities.