SFO Capital Partners expands its footprint in Texas by acquiring its 4th multifamily asset in 2021

London December 22, 2021 – SFO Capital Partners has ended the year with the acquisition of Seville at Clay Crossing (“Seville”), a 351-unit newly-built multifamily housing community located in Houston, Texas.

This latest transaction represents SFO Capital Partners’ 18th acquisition in the USA. To-date, SFO Capital Partners has acquired over USD1.0bn of US housing assets comprising more than 6,000 units located across the nation’s fastest growing metro areas.

Built in 2020 and currently occupied at 95%, Seville is located in Katy, one of Houston’s most dynamic submarkets, characterized by a strong population growth projected to increase by 10% in the next 5 years. In addition, the property offers access to large employment nodes such as the Energy Corridor (100,000 jobs), Katy Mills Mall (3,000 jobs), the Academy Sports Corporate Office (3,000 jobs) and Amazon’s sort center (3,000 jobs).

Mohamad Abouchalbak, CEO of SFO Capital Partners said: “We are delighted to further grow our US housing portfolio by acquiring a newly-built-multifamily asset in Houston, which continues to witness an expanding workforce and a dynamic business environment. This acquisition enables us to benefit from the highly affluent and growing Katy market, and increase rents and collections in line with market, aimed at generating stable cashflows throughout the holding period. Our convictions on the Multifamily sector remain strong as we continue to pursue opportunities where we can leverage on our asset management capabilities to unlock significant value.”