Altus Equity Group has acquired a 279-unit multifamily portfolio in Lubbock, Texas.
“This acquisition is consistent with how we approach investing — prioritizing durable operations, downside protection, and the ability to adapt as market conditions evolve,” said Andy Eicher, senior vice president of investments at Altus Equity Group. “We remain active in sourcing and executing opportunities where pricing, operations and capital structure align.”
The portfolio consists of two adjacent communities, Bentwood Apartments and Bend at Bentwood Apartments, located along Loop 289 near major retail and employment centers. At closing, the properties were approximately 99 percent occupied and financed with long-term, fixed-rate assumable debt. No renovation program is planned.
