Home News S2 Capital Acquires 3.6M SF Multifamily Portfolio Spanning DFW, Houston

S2 Capital Acquires 3.6M SF Multifamily Portfolio Spanning DFW, Houston

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S2 Capital Beyond Black stone As the most active buyer of apartments in Dallas / Fort Worth after the acquisition of a portfolio of 14 properties.

Courtesy of S2

Lincoln Crossing in Dallas is one of the 14 properties acquired.

According to a news release, the 3.6 million science fiction portfolio spans 4,455 units across 11 garden-style properties in Metroplex and three garden-style properties in Houston. The average rent is $ 1,100 per month. The S2 will refurbish both the exterior and interior of the unit built between 1979 and 1987, and Ryan Everett, vice president of acquisitions, said that the quality of the tenants to live at a reasonable price. The purpose is to provide a place.

“The rise in mortgage rates in the single-family market has exacerbated the broader and more affordable problem, leaving many looking to rent as a more affordable option,” he said in a statement. Stated. I started looking for affordable housing options, but I don’t think it’s related to an outdated community experience. “

According to the report, the average monthly rent for DFW’s 880 SF apartments was $ 1,560 in June, ahead of Houston, San Antonio and Austin. ApartmentData.com.. According to the data, metroplex rents have increased by more than 15% in the last 12 months.

In some cases it is cheaper to rent than to buy. A Recent analysis by insiders The median mortgage payments show that they were around $ 1,870 a month in Dallas and $ 1,815 in Houston.

The transaction properties are:

  • 800 Link, 440 units of Class B garden style apartment in Dallas.
  • 164 units of Class B garden-style complex in Canyon Ridge, Rockwall.
  • Casa Valley, a 150-unit Class B garden-style community in Irving.
  • Cinnamon Park is a 272 unit Class B garden style development in Arlington.
  • Huntington Lakes, a 405-unit Class B garden-style complex in Dallas Fort Worth.
  • A 532-unit Class B garden-style community in Dallas Fort Worth, Lincoln Crossing.
  • Presley is a 290-unit Class B garden-style building in Dallas / Fort Worth.
  • A 257-unit Class B garden-style complex in Dallas Fort Worth, Preston Greens.
  • Spring Creek, Garland 236 unit Class B garden style development.
  • A 264-unit Class B garden-style complex in Mesquite, Springfield.
  • Summer Meadows, Plano’s 389 units of Class B garden-style community.

Mark Brandenburg, Lauren Dow, Michael Cosby JLL And Lauren Bresky and Loren Heikenfeld of North Marq helped secure debt loans. The investment sale was led by JLL’s Roberto Casas, Rob Key, Matthew Lawton, Dustin Selzer, and North Marq’s Taylor Snoddy.

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