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Fogelman acquires The Ovilla multifamily community

PRIVATEAug 19, 2026about 3 hours ago

Acquiring Company

Fogelman Properties

Acquired Company

The Ovilla

TexasTexasReal EstateProperty ManagementReal EstateProperty Management

Description

Fogelman Properties has acquired The Ovilla, a 288-unit multifamily community located in Red Oak, Texas. This acquisition marks Fogelman's continued expansion in Texas, where it now owns nine communities and manages over 3,012 units. The Ovilla features modern apartments and is 95% occupied, with plans for capital improvements.

Company Information

Company

Fogelman Properties

Location

Texas, United States

About

Fogelman Properties is one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies. With over 60 years in the industry, they specialize in multifamily acquisitions, asset management, property management, and construction management. They operate more than 100 multifamily communities totaling over 30,000 apartment homes across 12 states. Fogelman is recognized as a Best Place to Work in Multifamily® and one of Newsweek’s Most Loved Workplaces®.

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Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
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M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired The Ovilla?

The Ovilla was acquired by Fogelman Properties, based in Texas. The deal was reported on August 19, 2026. Fogelman Properties is one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies. Fogelman Properties is privately held and operates in Real Estate.

When did Fogelman Properties acquire The Ovilla?

Fogelman Properties's acquisition of The Ovilla was reported on August 19, 2026. Fogelman Properties has acquired The Ovilla, a 288-unit multifamily community located in Red Oak, Texas. This acquisition marks Fogelman's continued expansion in Texas, where it now owns nine communities and manages over 3,012 units. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does The Ovilla do?

The Ovilla is a 288-unit multifamily community located in Red Oak, Texas, part of the Dallas-Fort Worth metro area. Built in 2023, it features apartment homes with rental rates starting at $1,715 per month and is currently 95% occupied. It is privately held, operating in Real Estate, and is based in Texas.

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