S2 Capital LLC plans to invest this year in apartment properties in Florida and Texas that were built in the 1970s or 1980s and need renovations.
S2 Capital has acquired Brompton Court Apartments, a 793-unit Houston multifamily community. The nearly 800-unit property, built in 1973, includes a mix of one- to three-bedroom apartments.
The plans are to make significant upgrades to the property’s units including new paint, appliances, flooring, cabinetry, windows and bedroom and bathroom fixtures.
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Addison, Texas-based S2 Capital LLC, through SP Matthews LP, bought the complex in two deeds from ownership groups led by New York investor Pinchos Shemano.