Hamilton Point Investments has sold Forty649 North Hills, a 342-unit class A apartment community in El Paso, Texas.
Forty649 North Hills, located at 4649 Loma Del Sur Drive in northeast El Paso, is adjacent to the Franklin Mountains and provides residents access to Fort Bliss, El Paso International Airport, Interstate 10 and the University of Texas at El Paso. The property sits along Loma Del Sur Drive and U.S. Highway 54, offering proximity to North Hills Crossing Shopping Center and other amenities.
Built in 2009, the property spans 17.74 acres and features 306,822 square feet of rentable space across 42 two-story buildings. The community offers a mix of one-, two- and three-bedroom units with an average unit size of 897 square feet. Property amenities include a resort-style swimming pool, 24-hour fitness center, clubhouse, dog park, detached garages and covered parking.
The property was 93.3 percent occupied at the time of sale and offers significant upside p
