"The closing of the Southeast Multifamily Portfolio III marks a milestone for our firm for affordable, quality housing options to renters in the Southeast as RREAF continues our business plan of providing superior living options at an affordable price,"Built between 1998 and 2012, all of the apartment complexes are primarily in suburban-metro areas and currently have 93% occupancy.
RREAF's in-house property management company, RREAF Residential, will take over property management assets. "The affordable housing crisis pervades every state in the nation, making this multifamily transaction all the more significant,", founder and CEO of DLP Capital, said in the release."Through our collaborative investment and our mission to keep these apartments affordable for the local workforce, we will impact hundreds of families who want to live where they work."
In addition to the three partners, Nathan Stone and Guy Griffith provided financing for the acquisition at Dallas-based investment company Berkadia.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This Dallas fan catches Aaron Judge's 62nd home run - Dallas Business JournalThe Dallas man was the lucky Rangers fan who caught Aaron Judge's 62nd home run of the season Tuesday night at Globe Life Field in Arlington.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Big Dallas-based residential brokerage United adds 400 agents with Florida merger - Dallas Business JournalA Florida residential real estate brokerage has joined the national network of Dallas-based United Real Estate in a merger that boosts United’s system to more than 21,000 agents and 630 offices.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Two new retail businesses open inside DFW International Airport - Dallas Business JournalSpanning more than 1,600 square feet in Terminal B, the space brings together the Decanted wine bar and the Hudson Nonstop travel store into one walkthrough location.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Reporter's Notebook | My baby's college will cost more than my house - Dallas Business JournalThirty-six U.S. private colleges posted annual sticker prices over $80,000 in the 2022 academic year and an additional 111 colleges are more than $70,000, according to data from the U.S. Department of Education. That list will only grow.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Former Cosmic Cafe building in Oak Lawn is for sale - Dallas Business JournalThe property is over 100 years old and consists of two buildings totaling 3,786 square feet. The building was home to the late Cosmic Café, which operated for 26 years before closing in 2021.
Source: DallasBizNews - 🏆 525. / 51 Read more »