Cardone Capital Nabs Sugar Land Luxury Apartment Community
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Stella at Riverstone, a 351-unit garden-style apartment community, has a new owner, Miami-based Cardone Capital. The Class A property, located in the heart of Sugar Land, is rich with amenities including a fully-equipped business center, clubhouse, athletic center, and a spectacular swimming pool with tanning shelves and water features.
Stella at Riverstone represents Cardone Capital’s first acquisition of 2019. The property offers investors the opportunity for long-term stability, future rent growth, and value appreciation, according to a statement from the firm.
Cardone Capital already owns 4,774 units representing $890 million in assets under management. “We’re disrupting the real estate industry and changing the way people invest in great real estate,” said CEO Grant Cardone. “I’m excited to offer both accredited and non-accredited investors the opportunity to own a piece of property like Stella at Riverstone, which is typically owned by the super wealthy.”