E-mail: Walden Residential


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THE COMPANY |
Walden Residential Properties (the "Company") is a self-administered, self-managed fully integrated REIT focused on middle income multifamily properties located primarily in selected southwestern and southeastern markets. The Company, whose headquarters are in Dallas, Texas, was formed in 1993 to continue and expand the multifamily ownership, management, acquisition and marketing operations and related business objectives and strategies of The Walden Group, Inc. and its subsidiaries and affiliates (collectively, the "Walden Predecessors"). At February 28, 1997 Walden owned and operated 68 multifamily properties containing 21,615 apartment units. Approximately 93% of the apartment units are located in the Dallas/Fort Worth, Jacksonville, Phoenix, Nashville, Austin, Oklahoma City, San Antonio, Tampa, Tulsa, Houston and Salt Lake City areas, with the remaining properties primarily located in other areas in the southwest and southeast regions of the United States. |
Upon completion of its initial public offering in February 1994, Walden purchased the multifamily operations of the Walden Predecessors, including 18 properties containing 5,895 apartment units, and concurrently purchased two additional properties containing 448 apartment units. Since the consummation of the IPO, the Company has acquired 53 properties. Management believes that these acquisitions are consistent with its core acquisition strategy of acquiring well-located garden apartment properties at prices less than replacement costs, which serve middle income residents and can benefit from the Company's comprehensive management programs. |
Walden Residential Properties is operated under the direction of Don R. Daseke, Chairman of the Board and Chief Executive Officer, and a management team substantially all of whom were formerly employed by the Walden Predecessors. The Company's 21 executives have an average tenure with the Company and the Walden Predecessors of nine years and have an average of approximately 17 years experience in the multifamily properties business. Walden is fully integrated with operations that include multifamily property acquisitions, property redevelopment, property management, financing, leasing and asset management. |
The executive offices of Walden Residential Properties, Inc. are located at One Lincoln Centre, 5400 LBJ Freeway, Suite 400, Dallas, Texas 75240. The telephone number is (972) 788-0510. The e-mail address is info@waldenresidential.com. |
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