S2 Capital acquired The Place at Saddle Creek, a 238-unit, two-story, multifamily property located in Carrollton. S2 plans to rebrand the property as Brookbend.

S2’s Ryan Everett added, “Our ability to assume the existing fixed-rate Freddie Mac loan at a low leverage point ensures immediate cash flow at the property level. We’re excited to implement an extensive renovation plan with value-add updates to the property to improve the overall experience for residents and provide immediate rental upside.” 

Located at 3420 Country Square Dr in Carrollton, the community offers two private community pools, outdoor grilling stations, a renovated fitness center, tennis and pickleball courts, a business center, a dog park and Amazon lockers.

The renovation plan includes enhancing unit interiors with new granite countertops, upgraded kitchen hardware and bathroom fixtures. Additionally, S2 plans to renovate the building’s exterior and improve the leasing office, gym and pool areas.