Hamilton Point Investments has launched HPI Bandera DST (Delaware Statutory Trust), an offering of $20.7 million comprising the 232-unit Casa Bandera Apartments in Las Cruces, N.M.
Hamilton Point has managed the apartments since 2020 and has seen 11.7 percent average annual revenue growth and a 13.7 percent average annual net operating income growth. The DST is expected to see a 4.75 percent initial yield, with a 47.7 percent loan-to-value ratio.
Hamilton Point has acquired 35,000 apartment units, totaling $3.5 billion, and has led 14 investment programs full cycle.
