In Dallas, HomeUnion acquired the fully renovated 19,098-square-foot Old East Caroll multifamily property on behalf of a private investor in an all-cash transaction that was listed for $2.5 million. Boutique investment properties with high-end finishes rarely come to market in the popular Old East section of Dallas, according to HomeUnion Research Services. On average, the submarket's occupancy rate is above 94% and rent growth has been strong in the Metroplex, which remains one of the best markets for investing in multifamily assets.

Lastly, a 15-unit apartment building developed in 1964 traded for $835,000 in Raleigh, NC, in a deal that HomeUnion assisted in closing. The fully occupied, 15,029-square-foot apartment complex benefits from a strong location and upside on in-place rents, according to HomeUnion Research Services. The asset is located inside the Interstate 440 Beltline, two miles from downtown Raleigh and a variety of major regional employers.

Stay tuned to GlobeSt.com for an exclusive interview with Don Ganguly on the company's addition of the multifamily sector to its service offerings.

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IRVINE, CA—GlobeSt.com has learned exclusively that online real estate investment-management firm HomeUnion has entered the multifamily-investment sector. In addition to serving as a single-family investment company, the firm recently represented buyers in the acquisition of four apartment buildings located in major investment markets with a combined total of 125 apartment units.

Don Ganguly, CEO of HomeUnion, says, “Unlike traditional multifamily brokerage firms, HomeUnion is an end-to-end real estate investment and management solution that enables hands-free investing. Buyers can acquire properties remotely using HomeUnion's exclusive platform, which provides them with all the due diligence and financial information they need before the closing. During the ownership cycle, we also make sure that our clients receive detailed information on the monthly performance of their asset, while ensuring that their properties are professionally managed and maintained. The platform also also gives investors the option of re-listing the asset on HomeUnion.com when the time is right.”

HomeUnion represented the buyer its largest transaction for the first quarter: a 46-unit garden-apartment complex in Clearwater, FL. The complex comprises 28,060 square feet and sold for $3.58 million. With a mix of eight two-bedroom units and 38 one-bedroom units, complex is fully occupied and benefits from a location minutes from Gulf Coast beaches and downtown Clearwater.

HomeUnion also represented the buyer in the purchase of a 38-unit, 43,054-square-foot apartment building on the north side of Indianapolis for $1.8 million. The property consists of all two-bedroom units, located 3 miles from Broad Ripple, one of the most popular cultural districts in Indianapolis.

In Dallas, HomeUnion acquired the fully renovated 19,098-square-foot Old East Caroll multifamily property on behalf of a private investor in an all-cash transaction that was listed for $2.5 million. Boutique investment properties with high-end finishes rarely come to market in the popular Old East section of Dallas, according to HomeUnion Research Services. On average, the submarket's occupancy rate is above 94% and rent growth has been strong in the Metroplex, which remains one of the best markets for investing in multifamily assets.

Lastly, a 15-unit apartment building developed in 1964 traded for $835,000 in Raleigh, NC, in a deal that HomeUnion assisted in closing. The fully occupied, 15,029-square-foot apartment complex benefits from a strong location and upside on in-place rents, according to HomeUnion Research Services. The asset is located inside the Interstate 440 Beltline, two miles from downtown Raleigh and a variety of major regional employers.

Stay tuned to GlobeSt.com for an exclusive interview with Don Ganguly on the company's addition of the multifamily sector to its service offerings.