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3/31/20
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Brixton Capital has acquired a 250-unit multifamily property in Corpus Christi, TX. The price was not disclosed.
Built in 1983, the property is located at 6947 Everhart Rd and totals 216k sf. Apartments range in size from 643 sf to just over 1k sf in size, with an average of 866 sf. Brixton plans to invest in upgrades to the exterior of the property and renovate the apartment interiors.
According to Jim Hamilton, vice president of acquisitions at Brixton Capital, “6497 Everhart’s convenient location, diverse mix of floor plans and amenity space along with the strong long-term fundamentals of the Corpus Christi market make it an ideal representation of Brixton’s value-add approach to investing in multifamily properties.”
Brandon Miller and Brad Shaffer of Newmark Knight Frank represented the seller, Austin Multifamily Investments Partners LLC. Brixton Capital repped itself in the deal. Headquartered in Solana Beach, Brixton currently owns and operates a portfolio valued in excess of $1 bil, representing over 10 msf of retail, multi-family, office, industrial and land investments across the United States and Europe.
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