Round Hill Capital, on behalf of its U.S. Residential Income and Growth Fund (USRIG), has acquired Cortland Allen Station, a multifamily apartment community located in Dallas. To facilitate the acquisition, the fund held an additional closing, attracting new capital from a leading European institutional investor.
Cortland Allen Station is the latest acquisition for Round Hill Capital on behalf of its USRIG Fund, which provides access to defensive, garden-style multifamily investments in the Sunbelt region for European institutional investors.
The USRIG Fund has now completed three multifamily deals in the United States totaling approximately $250 million in Georgia, North Carolina and Texas, and is proving attractive to European investors, which are demonstrating an increasing interest in the stability of multifamily assets in high-growth southern U.S. markets.
Cortland Allen Station was built in 2019. The community comprises 445 moderately priced multifamily un