StoneRiver Co. re-enters Texas market with acquisition

The Birmingham-based real estate firm acquired Magnolia Grove, outside of Dallas.

Magnolia Grove, a 270-unit apartment community recently acquired by StoneRiver Co. StoneRiver Co., a real estate firm based in Birmingham, has re-entered the Texas market with the acquisition of Magnolia Grove, a 270-unit, garden-style apartment community in Terrell, a suburb of Dallas. StoneRiver’s in-house property management division, StoneRiver Property Management, will manage the property, which…

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