Deal Snapshot
ASCENDA CAPITAL ARRANGES ACQUISITION OF USD 311M PORTFOLIO OF MULTIFAMILY ASSETS
Friday 10 May 2019

US-based real estate investment and lending firm Ascenda Capital, in partnership with American Landmark Apartments, has arranged the acquisition of a six-property portfolio of apartment communities across Texas consisting of 2,284 units, the firm said.
The rental communities, located in five of the Lone Star State's fastest-growing markets -- Austin, San Antonio, Houston, Irving and The Woodlands were acquired from Provident Realty Advisors. Ascenda invested as a Ltd. Partner in the transaction.


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Details
Date Published: 10/05/2019
Target: Six-property portfolio of apartment communities across,  Texas 
Country: USA
Deal Size: 311m (USD)
Sector: Construction/Real Estate
Type: JV
Financing: Cash
Status: Agreed
Vendor:
Buyer: Ascenda Capital, American Landmark Apartments
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