S2 Capital has sealed $54.8 million of acquisition financing for the purchase and renovation of a garden-style apartment community in suburban Atlanta, Commercial Observer has learned.
investing in real estate
S2 Capital, a value-add multifamily investor, has completed the final closing of its debut S2 Multifamily Value-Add Fund I.
The Dallas-based manager has raised $400m for its first fund and, having completely deployed the vehicle, plans to go back to fundraising later this year.
The hot North Texas rental housing market is attracting billions of dollars in investor buys.
The acquisition brings the investment firm’s Lone Star State unit count to 16,000.
More than 1,200 apartment units changed hands in a four-complex deal in Dallas as the North Texas multifamily market continues to fire on all cylinders.