Hamilton Point Investments (HPI) has acquired a four-property Houston apartment portfolio totaling 1,174 apartment units built in 2022.
The properties were purchased from a Texas-based multifamily developer for $195 million, which represents a cost per unit of $166,100. Three of the assets closed in late June and one closed in May.
HPI owns and manages multifamily properties, hotels, student housing, and manufactured housing communities. It raises its , equity from accredited individual investors through their independent broker-dealer financial advisors, as well as from registered investment advisors in a series of closed-end real estate private equity funds.
The HoustonÂ