Cypress in Celina: LA and NY real estate firms take on rural Texas in joint venture

A Los Angeles-based builder and a New York property firm are meeting halfway on a major project in rural Texas.

Los Angeles’ Cypress Equity Investments and New York’s Winter Properties have acquired 38 acres in Celina, TX where they plan to develop apartments and built-to-rent homes. The two real estate companies also plan to open a Dallas office, according to the Dallas Morning News.

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