$100-million office acquisitions target of Younger Partners founders

Photo of Moody Younger and Kathy Permenter courtesy of Younger Partners.

Moody Younger and Kathy Permenter of Younger Partners are going big on office acquisitions.

The Preston Hollow residents partnered with Matt Haley to launch Apricus Realty Capital this month. The partnership will focus on acquiring class-A office buildings costing $100 million or more.

Apricus will focus on acquisitions in North Texas, Austin and Houston, according to a media release.

The pandemic put office properties in a slump across Texas, with companies downsizing due to employees working remotely. But the market is starting to see slight gains.

This partnership intends to procure properties “where we know we can add value,” the release states.

“We know what it takes to get deals done in the Texas market and have a thorough understanding of what tenants look for in their office experience,” Permenter stated in the release. “We will buy properties that are well-located and create the sense of place that is so important to tenants.”