Professional Equity Management buys Emerson at Red Oak

Emerson at Red Oak, a 306-unit Class A multifamily community in Red Oak, Texas, is now owned by Professional Equity Management as a Sun Belt rental housing investment.

Built in 2023, the property is a two-story, townhome-style garden community on more than 17 acres at 351 Hickory Creek Drive in Ellis County, south of Dallas, with Interstate 35E access and a roughly 20-minute commute to downtown.

The transaction used a single-asset syndication with Fannie Mae Delegated Underwriting and Servicing agency financing.

Professional Equity Management cited the supply-constrained southern Dallas corridor, nearby data center investment and Texas portfolio depth as deal drivers.

“What stands out about Emerson is the quality of construction paired with strong in-place operating performance, which gives us a solid baseline to build from,” said Colson Franse, President of PEM.

PEM Residential, the company's property management division, will assume full operational responsibility for the community.