DALLAS \u2013 (Realty News Report) \u2013 Fogelman Properties has expanded its Texas portfolio with the acquisition of The Ovilla, a 288-unit multifamily community in Red Oak, south of Dallas.<\/p>\n
Founded in Memphis in the 1960s, Fogelman is one of the country\u2019s largest, privately-owned multifamily investment and property management companies.<\/p>\n
With the acquisition, Fogelman owns nine communities and manages 3,012 units across Texas. The company has invested in Texas since the 1970s.<\/p>\n
Built in 2023, The Ovilla contains units ranging from 600 to 1,351 square feet. Rents start $1,715 per month. The property is 95% occupied and will be managed by Fogelman.<\/p>\n
\u201cRed Oak checks every box we look for; population is up roughly 31% since 2020, and new supply on the south side of Dallas has all but dried up,\u201d said Thomas Henry, vice president of investments at Fogelman. \u201cJust 2% of existing inventory in the submarket is set to deliver over the next 18 months, even as DFW keeps adding jobs faster than any other market in the country. That combination of population and job growth, coupled with limited new supply, positions Red Oak incredibly well, and The Ovilla gives us a strong foothold in the market.\u201d<\/p>\n
Fogelman\u2019s other recent purchases include the 300-unit community Inkwell Greenhouse<\/a> in Katy, and The Vineyards in Germantown, Tenn. The company acquired The Fenwick, a 258-unit complex in Humble in partnership with Thackeray Partners last year.<\/p>\n Fogelman Properties operates more than 120 multifamily communities totaling more than 35,500 units across 12 states in the Southeast, Southwest, and Midwest.<\/p>\n Aug. 23, 2026, Realty News Report Copyright 2026<\/p>\n Feature image: Fogelman Properties courtesy photo.<\/p>\n Mark Your Calendar:<\/p>\n CommGate will host its Economic Outlook\u00a0\u2013Wednesday, Sept. 23 from 3 to 6 p.m. at the Houston Country Club. Economist Ted C. Jones, PhD, will present an economic forecast examining trends that will shape the real estate market in the coming year. Following the presentation, connect at a networking social with beverages and hors d\u2019oeuvres. Free for members of CommGate, CCIM, and SIOR. Non-members $50. Link to\u00a0Registration<\/a><\/p>\n THE RALPH BIVINS PROJECT PODCAST<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Joe Rothchild and Jana Hayes with Keller Williams Houston Central<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Sam Scott of CommGate<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Stephen Meek of StreetLights Residential<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Mike Spears of Lee & Associates Houston<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Bob Parsley of Colliers Houston<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT\u00a0with Mark Davis of Davis Commercial<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with David Hightower of Midway<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Alex Kamkar of Bold Fox Development<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Brad McWhirter of Trahan Architects<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Lacee Jacobs of Rebel Retail Advisors<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Danny Rice of Colliers<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Trey Odom of Avera<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Kris Larson of Downtown Houston +<\/a><\/p>\n