Alpaca Real Estate seeds residential venture in Dallas
Other - MAY 20, 2024

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Alpaca Real Estate seeds residential venture in Dallas

by Released

Alternative investment management firm Alpaca Real Estate (ARE) has announced the formation of a $300 million residential strategy that will target to assemble an attractive portfolio of 1,000-plus new construction rental homes in locations marked by strong population growth, robust household income, best-in-class school districts and access to both employment and recreation.

The inaugural transaction is the forward purchase of a 150-townhome community (the Property) consummated with Southern Impression Homes and LyvWell Communities. The Property is located in Dallas within proximity to major transportation nodes, lifestyle and entertainment offerings and multiple employment centers. Sourced through a long-term relationship, the joint venture between ARE and LyvWell acquired the entitled parcel and simultaneously entered into a forward-purchase agreement with Southern Impression, who will execute on the vertical developments at an agreed-upon fixed cost.

The Property i

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