3650 Capital along with Reap Capital announced that they have acquired The Calvin, a garden-style apartment complex located at 2501 Ohio Dr. in Plano, Texas, part of the greater Dallas–Fort Worth metropolitan statistical area. The investment represents 3650’s first deployment from its Special Situations strategy, which offers a variety of debt and equity solutions for a wide range of projects.
“3650’s equity investment in The Calvin is exemplary of our ability to put thoughtful capital behind a project’s strategic, value-added business plan,” said Toby Cobb, co-founder and managing partner of 3650 Capital. “We look forward to leveraging more opportunities to provide equity and structured capital solutions for a variety of asset classes in 2025 as sponsors seek creative paths forward for their properties. This transaction marks a strong start for 3650’s Special Situations platform, which is a key part of our evolution as a solutions provider across the entire c