AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News
May 14--David Deniger, who co-founded Olympus Real Estate Corp. with Hicks, Muse, Tate & Furst, has acquired the controlling interest in Olympus, which will now become a fully independent enterprise.
Olympus has evolved into one of the nation's largest domestic real estate funds since its founding in 1994, investing more than $5 billion in U.S. real estate, including 2.3 million square feet of commercial space, 52,000 apartment units, 53 resorts and hotels totaling 8,100 rooms, 40 golf courses and 57 residential subdivisions.
Locally, Olympus developed the 110-acre mixed-use MacArthur Park at Olympus Boulevard complex in Irving and the HKS Architects headquarters building and McKinney Avenue Lofts in Dallas.
Deniger, along with seven other Olympus partners, will lead the independent company, with Hicks, Muse serving as a minority investment partner. Terms of the transaction were not disclosed.
The move reflects a decision by the Tom Hicks-led Hicks, Muse firm to sharpen its investment focus on three corporate investment categories: broadcasting and cable, food and other branded consumer products, and manufacturing, said John Muse, a partner of Hick, Muse, Tate & Furst. -- Steve McLinden