Hamilton Point Investments (HPI), a real estate private equity investment company that owns and manages multifamily apartment properties, manufactured housing communities and hotels, has sold a multifamily property in Oklahoma for $21 million.
HPI invests through investment funds raised from individual accredited investors through a selling group of independent broker-dealers and registered investment advisers.
The property, Edmond at Twenty500, was acquired by the HPI Real Estate Fund VIII in May 2021 for $14.7 million, according to The DIWire. The sale of the multifamily building, which has 160 units, represents HPI’s second profitable property disposition this week on behalf of the fund.
“Purchasing Edmond at Twenty500 during its decontrol period was well-suited to [Hamilton Point’s] value-add strategy,” said Josh Grenier, president of Hamilton Point Investments. “Our transition of the asset to full-market-rate apartments was wel
