Dallas-based multifamily firm S2 Capital bought an apartment complex near Jupiter for $127 million, marking continued investor appetite for rentals in South Florida’s robust market.
S2 Capital has purchased an Atlanta-area multifamily portfolio from Turner Impact Capital. The four properties, totaling 1,406 market-rate apartments, were acquired with the company’s S2 Multifamily Value-Add Fund 1.
The hot North Texas rental housing market is attracting billions of dollars in investor buys.
The acquisition brings the investment firm’s Lone Star State unit count to 16,000.