A portfolio of 10 multifamily housing properties in the Southeast has been sold by private equity firm Hamilton Point Investments LLC to RREAF Holdings for $500 million in what is believed to be the largest transaction of the year, the company announced Thursday.
The transaction was done in partnership with 3650 REIT and real estate investment and financial services firm DLP Capital.
The portfolio of largely workforce housing homes comprises more than 2,744 units located in mostly suburban metro areas in Arkansas, Georgia, Indiana, Mississippi, North Carolina, Oklahoma, and South Carolina with no new supply within a five-mile radius.
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