A joint venture between Barker Pacific Group and Pacific Real Estate Partners has acquired the 230-unit Spring Valley Apartments. : Sterling Real Estate Partners, a joint venture between Barker Pacific Group (BPG) and Pacific Real Estate Partners, has acquired Spring Valley Apartments in Austin. The property, an 11-building, 230-unit apartment community, is the largest asset yet acquired by the partnership. Built in 2001, the garden-style apartment is located on about nine acres. Common amenities include fitness and business centers, clubhouse, basketball court, playground, and a swimming pool and spa.