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Nex(t)Points $108M to 924-unit multifamily pickupNex(t)Points $108M to 924-unit multifamily pickuphttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=155142017-01-03T06:00:00Z2017-01-03T19:00:00Z

​​​HOUSTON – NexPoint Residential Trust, through its operating partnership, has acquired a two-property, 924-unit apartment portfolio for around $108 million.


The 734-unit Old Farm Apartment Homes and the 190-unit Stone Creek at Old Farm Apartments are on 35.1 contiguous acres. The communities were built in 1998 and 1999, respectively.

The H2 Portfolio acquisition was structured as a reverse 1031 exchange.​

Multifamilybiz.com
Houston-The Woodlands-Sugar Land
Multifamily
http://www.multifamilybiz.com/News/7386/NexPoint_Residential_Acquires_924Unit_Opportunisti...Read more at {Source}

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