Pegasus Residential Selected to Manage 826-Unit Luxury Apartment Portfolio in San Antonio, Texas

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Pegasus continues to expand their Texas portfolio

LivCor, LLC has selected Pegasus Residential to lease and manage a three property, 826-unit portfolio located in San Antonio, Texas. The portfolio consists of the following assets:

Crown Ridge: 352 unit, luxury community, located in close proximity to Palmer Course at LaCantera and Crown Ridge Canyon Park.

Canyon Springs: 335 unit, high-end community, adjacent to the award-winning Canyon Springs Golf Club.

Cibolo Canyon: 139 unit, upscale community surrounded by natural canyons and just moments away from two PGA golf courses.

“We are very pleased that we will be working with the Pegasus group,” said Jack Dickens, Executive Vice President of LivCor. “We chose Pegasus because their management team has such a high level of professionalism coupled with a high desire to achieve outstanding results. We expect to see great results ahead.”

Pegasus Residential will maintain the exceptionally high standards of LivCor, LLC as well as bring some of their national programs to these communities. “We are very excited to form this relationship with LivCor,” stated Lindy Ware, CEO of Pegasus. "These communities will be a wonderful addition to the Pegasus management portfolio, and we are honored to continue growing our Texas presence with such a well-respected firm."

About LivCor, LLC.
LivCor is a real estate asset management firm headquartered in Chicago, Illinois. Formed in 2013 as a portfolio company of The Blackstone Group, LivCor specializes in hands-on asset management of multi-family properties throughout the United States. In collaboration with its operating partners, LivCor oversees the management of its properties furthering a mission of maximizing return for investors while offering best in class service to residents. For more information, visit http://www.livcor.com.

About Pegasus Residential
Pegasus Residential is a boutique, third-party management company that is headquartered in Atlanta, Georgia, and they manage 22,000 units in more than 40 metro markets. Pegasus provides expertise in acquisitions, new development, and re-development; and, also serves as consultants in building and construction services for their clients. For more information, visit http://www.pegasusresidential.com.

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Jason Girvin