Slate Asset Management has acquired a $226.5m (€193.1m) US multifamily real estate portfolio of six properties.
The real assets manager said it has acquired the 1,600-unit multifamily portfolio located in Sunbelt markets across Florida, Georgia and Arizona.
Peter Tsoulogiannis, partner and CIO at Slate Asset Management, said: “We are pleased to announce our latest investment in the multifamily real estate sector – a performing portfolio of defensive assets with attractive fundamentals serving essential needs in markets with strong demographics.
“We have strong conviction in the long-term demand for housing, and despite macro volatility, our investment philosophy remains unchanged; we continue to focus on acquiring below replacement cost with below-market in-place rents in order to generate meaningful cash flow growth.”
To read the latest IPE Real Assets magazine click here.
