The underserved workforce housing apartment market is drawing more interest as evidenced this week with RREAF Holdings' phase one announcement that it is adding to its portfolio with a 13-asset purchase.
RREAF Holdings LLC, a private real estate investment and development firm based in Dallas, has announced, together with its partners DLP Capital and 3650 REIT, its acquisition of a 13-asset multifamily housing portfolio in the Sun Belt region consisting of 2,000-plus units.
This is the first tranche of a large, 3-phase acquisition, which is slated to close by early November, and represents one of the largest real estate transactions in the country since the COVID outbreak.
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