Revitalizing Multifamily Housing: A New Joint Venture Emerges
Revitalizing Multifamily Housing: A New Joint Venture Emerges
In a significant move to reshape the multifamily housing landscape, Mixton Capital Partners, a prominent investment and development entity, has teamed up with Inverlochy Capital Management. This collaboration marks the initiation of a programmatic joint venture focused on enhancing the multifamily sector.
The Acquisition of Crosspoint Oaks
Recently, this partnership made headlines with the acquisition of a 100-unit garden-style multifamily property located on Crosspoint Road. This property, built two decades ago, is set to be rebranded as Crosspoint Oaks. It is positioned in a rapidly growing market, presenting a substantial value-add opportunity that is hard to ignore.
Ambitious Investment Goals
The joint venture aims to strategically invest up to $100 million in multifamily properties throughout the Sun Belt region, which includes promising markets like Austin, San Antonio, and Dallas–Fort Worth. This move demonstrates their commitment to expanding their portfolio in areas with strong demand for housing and favorable growth trends.
Market Insights and Strategy
William Rojas, the Managing Partner at Mixton Capital Partners, highlighted the factors driving their investment strategy. He stated that the fundamentals in areas like Northwest San Antonio—including strong educational institutions, a rising population, and limited new housing supply—make it an attractive destination for long-term multifamily investments.
Acquiring properties like Crosspoint Oaks aligns perfectly with their strategy of targeting well-located but underperforming assets priced below current replacement costs. Such an approach is crucial in today’s fluctuating real estate market.
Rebranding and Renovation Plans
The plans for Crosspoint Oaks involve not only rebranding but also comprehensive renovations to improve the property both internally and externally. Future residents can anticipate updated amenities, including a fresh gym facility, a dog park for pet lovers, a playground for families, and a BBQ area by the pool—transformative enhancements that will foster a community feel.
Management and Operations
To ensure the property operates effectively, Anterra Management Corporation has been selected as the property management team. Known for their proficiency in managing multifamily units across Texas, Anterra is set to enhance the living experience for future residents of Crosspoint Oaks.
About the Companies
Founded by William and Steven Rojas, Mixton Capital Partners is a vertically integrated real estate firm specializing in the acquisition, repositioning, and management of multifamily communities. Their expertise combines institutional knowledge with a dynamic, entrepreneurial approach. They aim to have a lasting impact both financially and within the communities they invest in.
On the other hand, Inverlochy Capital Management is a family office based in Connecticut, concentrating on private real estate investments nationwide. Their strategy includes collaborating with top-tier operators to pursue various real estate opportunities across multifamily and industrial segments in high-growth markets.
Frequently Asked Questions
What is the purpose of the joint venture between Mixton and Inverlochy?
The joint venture aims to invest in multifamily properties, enhancing their quality while delivering strong returns.
Where is Crosspoint Oaks located?
Crosspoint Oaks is situated on Crosspoint Road in a rapidly growing area known for its strong real estate fundamentals.
What are the key features planned for Crosspoint Oaks?
Renovations will include enhanced amenities such as a gym, dog park, playground, and pool-side BBQ area, creating a community-focused environment.
Who will manage Crosspoint Oaks?
Anterra Management Corporation has been chosen to handle the property management for Crosspoint Oaks.
What is Mixton Capital Partners' investment focus?
Mixton focuses on acquiring and enhancing value-add multifamily communities across the Western U.S., combining experiences to drive community impact.
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