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Domain Capital, Simpson Housing Form $1B JV with PFA Pension
Atlanta-based Domain Capital Group, LLC’s subsidiary, Domain Capital Advisors, and Simpson Housing LLLP completed a joint venture with PFA Pension of Copenhagen, Denmark. PFA acquired a 49% equity interest in a 13-asset, Class A multifamily portfolio for an aggregate value of $1.05 billion.
The multifamily portfolio, which was owned by Simpson Housing, is located in high-growth U.S. markets, including Austin, Charlotte, Denver, Houston, Nashville, Phoenix, Portland and Seattle. It is comprised of 3,487 units that are roughly six years old and more than 95% leased at closing. The portfolio serves a mix of urban and suburban lifestyles with both newly built and refurbished product offerings in proximity to transportation infrastructure.
Domain Capital Group’s Patrick Leardo says, “We are excited about our new relationship with PFA Pension, and look forward to growing our relationship with them through further acquisitions.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
