Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
RREAF Holdings LLC Acquires the TransCoastal 21 Multifamily Portfolio
Multifamily continues to show resilience amid the pandemic, and RREAF Holdings LLC capitalized on that resilience with the recent acquisition of the TransCoastal 21 multifamily portfolio. The portfolio includes 21 different multifamily properties consisting of more than 4,000 units in Mississippi, Alabama, Florida, Texas, Arkansas, Louisiana, Georgia and North Carolina. RREAF’s multifamily division bought the properties from three different sellers.
“The closing of the TransCoastal 21 portfolio marks an exciting milestone for our firm as we have increased our portfolio of affordable housing to over 50 complexes with more than 14,000 units throughout the Sunbelt region of the United States,” said Kip Sowden, chief executive officer of RREAF Holdings. “The closing of the portfolio exemplifies our continued success and commitment to securing quality affordable housing across the Sunbelt region of the U.S.”
The TransCoastal 21 portfolio is a group of properties that were built in the 1960s all the way to the 2020s.
- ◦Sale/Acquisition
