RealtyMogul announced that MogulREIT II, its REIT, has completed investments in multifamily apartment complexes in Fort Worth and San Antonio, consisting of more than 450 units.
The properties were acquired through a partnership with Comunidad Realty Partners, a real estate investment firm specializing in workforce housing communities in culturally diverse neighborhoods. Comunidad’s investment strategy is focused on creating culturally relevant, inclusive communities that are tailored to the various ethnicities living at its properties. The company specializes in revitalizing apartments in infill locations by implementing a proprietary cultural management platform, which includes specific cultural upgrades, community initiatives, and social impact programs that build togetherness and may enrich lives.
The investment opportunities were offered to RealtyMogul’s accredited investors as an individual deal and to all investors via MogulREIT II.
These transactions represent the fourth and fifth assets added to the MogulREIT II portfolio. MogulREIT II has previously made investments in Texas and New York in multifamily apartment communities that offer value-add opportunities.
