Affiliates of Lone Star Funds have acquired a multifamily property portfolio from affiliates of Transcontinental Realty Investors and Macquarie Capital. The portfolio includes 46 new properties totaling 9,205 units located across 17 Sunbelt markets.
"The portfolio's properties are located in attractive growth markets that we expect to benefit from continued, strong secular trends, including: business relocations, population growth and in-migration, and strong income growth," says André Collin of Lone Star, President, Commercial Real Estate Funds.
Capital One arranged Freddie Mac financing for the acquisition, and Eastdil Secured provided advisory services to the seller.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
