Professional Equity Management Acquires 306-Unit Class A Community in Red Oak, Texas, Strengthening Sun Belt Portfolio

Professional Equity Management (PEM) announced the acquisition of Emerson at Red Oak, a 306-unit Class A multifamily community in Red Oak, Texas. The property, built in 2023, benefits from significant technology infrastructure investment in the area, including major data center operations from Google, Compass Datacenters, and DataBank. The acquisition is supported by favorable market fundamentals, including strong population growth in the Dallas-Fort Worth region and declining new supply in the Ellis County submarket.