S2 Capital

S2 Capital Real Estate Investing

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S2 Capital acquires multifamily community in Tampa, surpasses 50,000 units acquired

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S2 Capital acquires multifamily community in Tampa, surpasses 50,000 units acquired

S2 Capital has acquired Amberly Place, a 1989-vintage, 770-unit, garden-style multifamily apartment community in Tampa, Fla. With this transaction, S2 has now acquired more than 50,000 units since inception in 2012. Terms of the transaction were not disclosed.

The property was acquired off-market through a deal arranged by Shelton Granade of commercial real estate brokerage firm Institutional Property Advisors (IPA). IPA’s Harry Krieger assisted S2 in securing Freddie Mac financing.

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S2 Capital Acquires Amberly Place Multifamily Community in Tampa, Surpasses 50,000 Units Acquired

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S2 Capital Acquires Amberly Place Multifamily Community in Tampa, Surpasses 50,000 Units Acquired

Dallas, TX, May 1, 2025 – S2 Capital (“S2”), a national vertically integrated multifamily investment manager, today announced the acquisition of Amberly Place, a 1989-vintage, 770-unit, garden-style multifamily apartment community in the Tampa, Florida market. With this transaction, S2 has now acquired over 50,000 units since inception in 2012. Terms of the transaction were not disclosed.

The property was acquired off-market through a deal arranged by Shelton Granade of commercial real estate brokerage firm Institutional Property Advisors (IPA). IPA’s Harry Krieger assisted S2 in securing Freddie Mac financing. S2 acquired the asset on behalf of its current value-add strategy, along with two institutional co-investors, including an overseas group based in London.

Michael Bippus, Managing Director of Acquisitions, said, “We are excited to add to our activity in Florida with this terrific asset in a top growth market for us. The equity void for large value-add housing acquisitions has created a unique pricing opportunity for GPs with discretionary capital and deep lending relationships, and we are delighted to acquire an asset that fits so squarely in our wheelhouse.”

Amberly Place is located in the Northeast quadrant of the master-planned Tampa Palms community. S2 will undertake comprehensive interior renovations to bring the property’s original apartments up to the design scope and standards of those units that have already been upgraded. The firm intends to make additional enhancements to interior and exterior amenity spaces and targeted capital improvements to address deferred exterior capex items.

The surrounding area is expected to experience strong projected population growth in the coming years. With high market demand and no new nearby supply expected over the next 24 months, S2 anticipates its proven value-add strategy and operating platform will enable the firm to execute on its business plan to reposition the asset and improve operating efficiencies successfully.

About S2 Capital

Founded in 2012, S2 is a Dallas-based multifamily investment platform specializing in value-add and core-plus investments. With approximately $11 billion in transaction volume, S2 has acquired over 50,000 units through 145 acquisitions across high-growth domestic markets. S2 is currently targeting opportunities in Texas, Arizona, Colorado, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia, where job and population growth is expected to outpace the national average and contribute to significant renter demand. S2 is a vertically integrated multifamily investment platform with various commingled value-add, closed-end vehicles and one core-plus, open-ended vehicle with skilled teams in acquisitions, construction, operations, asset management, and capital formation working closely together to execute the firm’s business plan. For more information, visit www.s2cp.com.

Media Contact

media@s2cp.com

S2 Capital Recognized Among Top Multifamily Owners in 2025 NMHC 50 Rankings

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Earning a spot on the prestigious NMHC 50 list, S2 Capital is honored as a leading force in the multifamily industry.

We’re proud to announce that S2 Capital has been named one of the Top Multifamily Owners in the 2025 NMHC 50 rankings! This recognition from the National Multifamily Housing Council (NMHC) highlights our commitment to excellence, innovation, and growth in the industry.

The NMHC 50 ranks the nation’s top owners, managers, developers, builders, and syndicators, celebrating those making a significant impact in multifamily housing. We’re honored to be included among the industry’s best and remain dedicated to delivering outstanding communities for our residents.

NHMC TOP 50 OWNERS LIST

D Magazine: Meet the Dallas 500: Scott Everett, S2 Capital

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Everett discusses the future of CRE, his company’s use of AI, and his hidden Fortnite talents.

Founded by Scott Everett in 2012, S2 Capital recently marked a win with the capitalization of a $2 billion private REIT, with more than 10,000 multifamily units owned. “This was a roll-up of 26 individual joint ventures that required a lot of work, but ultimately is an excellent outcome for our limited partners and S2,” Everett says. “It is a core-plus evergreen investment vehicle for us.”

Since its inception, the company has acquired over 49,000 apartment units and conducted over 180 transactions totaling over $10 billion in transaction value. Most recently, the company acquired a distressed portfolio of five multifamily properties with 1,768 units in January. That includes Landmark at Gleneagles in Dallas, as well as four Tennessee properties.

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