LOS ANGELES, CA – RealtyMogul, a pioneer in providing private real estate to discerning investors, announced that MogulREIT II, its real estate investment trust or “REIT,” has completed investments in multifamily apartment complexes in Fort Worth, Texas and San Antonio, Texas, consisting of over 450 units.

The properties were bought through a partnership with Comunidad Realty Partners, a dynamic real estate investment firm specializing in workforce housing communities in culturally diverse neighborhoods. Core to Comunidad’s investment strategy is focused on making culturally-relevant, inclusive communities that are tailored to the various ethnicities living at its properties. The company specializes in revitalizing apartments in infill locations by implementing a proprietary cultural management platform, which includes specific cultural upgrades, community initiatives, and social impact programs that build togetherness and may enrich lives.

“We are pleased to have added these two properties to the MogulREIT II portfolio,” said Aaron Halfacre, President at RealtyMogul. “Comunidad’s investment expertise in making culturally relevant communities is a strategic fit with MogulREIT II’s investment objective designed to seek out value-add multi-family investments with affordable rental rates in growth markets.”

The investment opportunities were offered to RealtyMogul’s accredited investors as an individual deal and to all investors via MogulREIT II. These transactions represent the fourth and fifth assets added to the MogulREIT II portfolio. MogulREIT II has previously made investments in Texas and New York in multifamily apartment communities that offer value add opportunities.

Powered by WPeMatico

HOUSTON, TX – Hunt Companies announced the completion of Catalyst Houston, the luxury high-rise residential development in Downtown Houston. Hunt, along with co-developer Marquette Companies, funds managed by equity partner Ares Management, L.P., as well as Houston-based architect and lead designer, Ziegler Cooper Architects, celebrates the addition of 359 residential units in the central business district of Houston.

Located on a full city block bordered by Texas Avenue, Austin Street, Prairie Street and La Branch Street, the Catalyst Houston tower climbs 28 tales. Residents will find themselves within walking distance to major employment centers, like the Hess and Hines towers, as well as attractions such as Minute Maid Park, Discovery Green, Main Street and the Toyota Center.

“We are thrilled to see this luxurious development come to completion. The addition of Catalyst Houston to the downtown skyline is tremendous,” said Jim Dobbie, Executive Vice President with Hunt. “The residential amenities offered are unmatched for this particular urban environment, and we are excited for this property to become a place Houstonians call home.”

Catalyst Houston consists of 359 residential units, structured parking for 550 vehicles, as well as 7,400 square feet of ground-floor retail space which includes the new home of a Houston institution, Irma’s Restaurant. Residents have access to conveniences such as a 24-hour door staff, state-of-the-art fitness center, cybercafé, multi-purpose club room with demonstration kitchen, and a guest suite.

Additionally, outdoor entertainment features include a rooftop terraced garden and sundeck with fire pit and seating areas, outdoor kitchen and barbecue stations, a “yoga fusion” lawn, a resort-style pool, dog park, and a penthouse Ballpark Club, where residents can watch Houston Astros home games.

Powered by WPeMatico

STARKVILLE, MS – Waypoint Residential, a vertically integrated real estate investment firm focused on the U.S. rental housing sector, announced that it has bought The Claiborne at Adelaide, an 82-unit senior living facility located in Starkville, Mississippi.

This acquisition is Waypoint’s second investment in the senior housing sector. The company invested in a 107-unit senior housing development project earlier in the year. Juan Dominguez, Managing Director, oversees Waypoint’s senior housing acquisition activities.

“This transaction is our first acquisition of existing senior housing product and demonstrates our continued commitment to the sector,” said Scott Lawlor, Chief Executive Officer of Waypoint Residential. “With strong fundamentals driving the sector, we expect that senior housing will play an vital role in Waypoint’s overall strategy to buy and develop a diverse range of rental housing properties across the United States.”

Built in 2015, Adelaide is the newest and most amenitized senior living facility in Starkville, Mississippi, which is home to Mississippi State University. It is the only facility of this type in Starkville that provides multiple levels of care for residents, including independent living, helped living and memory care. The property offers residents on-site physical therapy, beautician services and a shuttle service to offsite activities and appointments.

“Mississippi State University is an vital demand driver and growth engine for the area. The Claiborne at Adelaide’s setting in this vibrant college town makes it especially attractive to residents, as graduates and faculty often retire in Starkville to maintain their connection to the university,” said Jeremy Pemberton, Chief Acquisition Officer. “Our in-depth student housing expertise uniquely enabled us to analyze Starkville’s market dynamics and the synergies made by the university’s presence, which was a significant factor in our choice to invest in a smaller market.”

Powered by WPeMatico