Photo of David Blatt Blatt told last summer that three key ingredients shape the investments CapStack will make under its mandate.

NEW YORK CITY—In the first transaction under an investment mandate it secured this past summer, CapStack Partners has acquired a three-property, 475-unit multifamily portfolio in Nashville. CapStack’s mandate covers value-add and opportunistic multifamily assets located across the Southeast, with investments made both directly and with established local operators and developers.