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Professional Equity Management buys 306-unit Emerson at Red Oak in Texas, boosting its Sun Belt portfolio.

Company Fundamentals
09 Jun 2026
Globe Newswire
View Source
Bullish
pluang ai news

Professional Equity Management (PEM) acquired Emerson at Red Oak, a 306-unit Class A multifamily community in Red Oak, Texas, through a single-asset syndication with financing from Fannie Mae. This purchase strengthens PEM's presence in Texas, its largest market by property count. Emerson at Red Oak offers modern amenities and is located in a growing tech hub near Dallas, benefiting from significant investments by companies like Google. With strong local demand and limited new supply, PEM aims to improve operations and leasing under its management division, PEM Residential.

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