HOUSTON-Summit Housing Partners LLC has received a $100-million equity investment from Rothschild Realty, a New York City-based real estate investment advisor.
The funding was arranged by Houston-based HFBE Capital LP, an affiliate of Howard Frazier Barker Elliott Inc., a valuation advisory and investment banking firm. The equity investment represents one of the largest real estate investments this year, according to David Kulkarni, senior managing director of HFBE who advised Summit Housing Partners.
Based in Montgomery, AL, Summit Housing Partners is focused on creating affordable and workforce housing. Summit owns and operates 85 multifamily communities totaling roughly 13,000 units. Most of assets are B and C properties.
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