FORT WORTH, TX – Cottonwood Group, a private equity real estate investment firm, announced that it has bought a 480-unit multifamily portfolio in Fort Worth, Texas with Dallas-based Texsun Holdings. The Portfolio consists of the Woodstone Apartments, located at 6051 Bridge Street, and Bridge Hollow Apartments, located at 5801 Bridge Street.
Cottonwood bought the Portfolio through the Cottonwood Real Estate Founders Fund, a multi-strategy open-finished fund. The Portfolio is the second multifamily acquisition between Cottonwood and Texsun this year. The partnership bought two multifamily assets, the San Mateo Apartments and Heights on Perrin Apartments in San Antonio, last month.
“We are thrilled to complete another transaction with Texsun and to add such a high-quality asset to our Texas portfolio,” said Mark Green, Chief Investment Officer at Cottonwood. “While other traditional investors may be pulling back due to economic and market uncertainty, we remain bullish on the multifamily sector.”
The business plot includes a renovation and repositioning of the approximate 342,000-square-foot Portfolio, for which Cottonwood and Texsun have budgeted approximately $5 million.
“Our team is excited to build upon our relationship with Cottonwood to complete another successful acquisition in Texas,” said Sean Fogelman, Managing Partner and Co-Founder of Texsun Holdings. “We are keen to continue expanding our presence in Texas, and the Fort Worth Portfolio acquisition plays a key role in helping us achieve that goal.”

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NEW YORK, NY – Meadow Partners, an institutional middle-market real estate investor, announced that it has bought 305 East 11th Street and 310 East 12th Street, adjacent multifamily residential buildings in the East Village for approximately $58 million. 60 Guilders, LLC, a New York City real estate management and investment firm, is Meadow s operating partner for the property.
Located between First and Second Avenues and totaling 89 units, the elevatored buildings are connected by an 11,000 square foot courtyard. Constructed in 1940, the buildings studios, and one- and two-bedroom units include distinct architectural features with arched doorways and moldings. The property is ideally located near shopping, retail, nightlife, and multiple public transportation options.
Jeffrey Kaplan, Managing Partner of Meadow Partners, said, The East Village is one of lower Manhattan s most well loved neighborhoods with a unique selection of restaurants, shopping and social life options that appeal to a diverse tenant group. This off-market transaction is a testament to Meadow s strong relationships with leading owners and developers throughout New York City and the deep experience we bring to investing in the East Village for the past 13 years. We look forward to modernizing and enhancing the value of these properties in one of Manhattan s most exciting neighborhoods.
An affiliate of Cerberus Capital Management provided debt financing to support the acquisition.
The acquisition of this property marks Meadow s ninth investment in the East Village and brings total residential units the Firm has bought in the submarket to 430 since inception.

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WASHINGTON, DC – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of Rivergate, a luxury 402-unit multifamily community in the Washington, D.C. suburb of Woodbridge, Virginia. The community was bought on behalf of CS1031 Rivergate Apartments, DST.
“I thought it could not get any better than the acquisition of Class A+ 2000 West Creek in 2019 for $103 million for Capital Square’s 1031 exchange/DST program, but then we continued to buy a large portfolio of comparable Class A+ apartment communities and, now, Rivergate Apartments in Woodbridge, Virginia,” said Louis Rogers, founder and chief executive officer of Capital Square. “These Class A+ acquisitions perfectly fit the DST acquisition strategy of buying best in class multifamily assets for stable returns and capital appreciation. The acquisition of best-in-class assets demonstrates the maturation of the DST industry.”
Located at 13175 Marina Way, along the picturesque Occoquan River in the Potomac River basin, Rivergate is in a scenic area with brilliant community amenities that include a resort-style swimming pool and sundeck, a rooftop terrace with cabanas, outdoor sofas and a bar, a courtyard with a firepit, gas grilling stations, a state-of-the-art fitness center, two resident clubrooms, a business center, a paw spa with a self-service wash and grooming suite, a volleyball court, kayak and bicycle storage, a multi-level parking garage, a package concierge, on-site management and maintenance and controlled access.
The Greater Washington, D.C. and Northern Virginia economy has experienced consistent growth and diversification over the past several years, supported by the federal government and largely devoid of highly cyclical industries. The area is home to several international companies, including Amazon, Booz Allen Hamilton, Capital One Entities, Freddie Mac, GEICO, Hilton Worldwide Holdings, Inc., Marriott International and Northrop Grumman.
“Rivergate is ideally located in a thriving economic sector of Northern Virginia that continues to delight in significant employment growth and will soon welcome Amazon, which will open its second global headquarters nearby in 2023,” said Whitson Huffman, chief strategy and investment officer. “The Amazon facility is just 20 miles from Rivergate and is expected to use 25,000 people. Amazon joins a host of other major international companies that call the region home.”
Rivergate is just four miles from both the 183-bed Sentara Northern Virginia Medical Center and a new, $200 million Kaiser Permanente medical center. Together, these employers support approximately 1,500 workers.
Potomac Mills, Virginia’s largest enclosed outlet shopping and dining destination with more than 200 storefronts and restaurants, is just five miles from Rivergate. Stonebridge at Potomac Town Center, a 500,000-square-foot open-air lifestyle center, is just six miles from the property. Stonebridge features a Wegmans Food Market, full-service health club, Alamo Drafthouse Cinema, and a splash pad water park for children. Rivergate residents delight in ready access to both Ronald Reagan Washington National Airport, situated 20 miles northeast of the property, and Dulles International Airport, located 30 miles to the northwest.

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