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CBRE Global Investors Divests 4-State MF Portfolio
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Chicago-based Waterton acquired an institutional-quality portfolio comprised of eight multifamily properties with a total of 3,685 units located in growth markets across four states. The properties, which were acquired from a partnership controlled by CBRE Global Investors, are located within the metropolitan areas of Dallas, Houston, Phoenix, Raleigh and Washington D.C.
The portfolio consists of multifamily properties built between 1992 and 2012, and offer opportunities to utilize Waterton’s vertically integrated design, construction and operations disciplines to further enhance the units and increase net operating income.
Waterton’s David Schwartz says, “All of the assets in the portfolio are located within Waterton’s target markets – each benefiting from large and diversified economies, high-quality jobs and growing population bases.”
The following assets were included in the portfolio:
- Gramercy on the Park in Dallas (535 units)
- Mockingbird Flats in Dallas (417 units)
- Creekside at Legacy in Plano, TX (380 units)
- Lakeshore at Preston in Plano, TX (302 units)
- Plantation at The Woodlands in Houston (432 units)
- Element Deer Valley in Phoenix (629 units)
- The Tribute in Raleigh, NC (359 units, pictured)
- The Residences at Springfield Station in Springfield, VA (631 units)
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

