The portfolio includes Legends on Lake Highlands, a 356-unit multifamily community in East Dallas, and Carrollton Oaks, a 320-unit apartment complex in Carrollton, Texas.
Dallas-based multifamily firm S2 Capital bought an apartment complex near Jupiter for $127 million, marking continued investor appetite for rentals in South Florida’s robust market.
S2 Capital has purchased an Atlanta-area multifamily portfolio from Turner Impact Capital. The four properties, totaling 1,406 market-rate apartments, were acquired with the company’s S2 Multifamily Value-Add Fund 1.
“In October 2020, we started fielding an insane number of calls from huge investors that had never invested in Sunbelt markets,” Everett says.
The hot North Texas rental housing market is attracting billions of dollars in investor buys.
Here are some of the biggest recent apartment deals, fueled by the area’s booming population growth and bright prospects.