SFO completes the acquisition of a multifamily residential asset with 304 units in Dallas
SFO has completed the acquisition of a residential multifamily asset comprising of 304 units located in Dallas, Texas. The property benefits from close proximity and immediate access to important employment hubs and several retail and entertainment centers.
Completed in 2015, the property is located in an affluent Northern district of Dallas, which has witnessed a recent growth in economic activity fueled by a diversified and expanding industry base, a pro-business environment, favorable taxes and a low cost of living.
Commenting on the transaction, Mohamad Abouchalbak, CEO of SFO, said: “Adding more than 100,000 jobs since 2012, Dallas has proven its resilience to the economic crisis as a continuously growing market with a strong competitive edge. The city is building a solid reputation as being a haven for millennials attracting both domestic and foreign residents.”
About SFO Capital Partners: SFO Capital Partners is a London-based global real estate investor and investment manager, committed to achieving superior risk-adjusted returns and focused on establishing and maintaining long-term relationships with its global clients and partners. SFO Capital Partners applies its global mindset, in-depth sector experience and local knowledge to unlock international real estate investment projects in Europe and the USA across a select range of investment strategies including income-generating, value-add and development schemes. As of December 2022, SFO Capital Partners has acquired a diversified portfolio comprising more than $2.1 billion in assets located primarily in the USA and Europe, including 7,000 apartments and more than 9 million square feet of commercial real estate under management.