Affiliates of Lone Star Funds Acquire Multi-Family Portfolio



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The transaction includes 46 newer apartment buildings Located on the other side of the sunbelt

DALLAS–(BUSINESS WIRE)–Lone Star announced today that affiliates of Lone Star Funds have acquired a multifamily real estate portfolio from affiliates of Transcontinental Realty Investors and Macquarie Capital. The portfolio comprises 46 properties with a total of 9,205 units in 17 Sunbelt markets.

The terms of the transaction were not disclosed.

“This is an attractive opportunity to acquire an extensive, diversified portfolio of newer, well located and maintained multi-family homes in the Sunbelt,” said André Collin of Lone Star, President of Commercial Real Estate Funds. “The portfolio’s properties are located in attractive growth markets that we expect to benefit from ongoing strong secular trends including: business relocation, population growth and immigration, and strong income growth.”

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Capital One arranged Freddie Mac financing for the acquisition and Eastdil Secured advised the seller.

About Lone Star

Lone Star, founded by John Grayken, is a leading private equity firm advising funds investing in real estate, stocks, credit and other financial assets worldwide. Since founding its first fund in 1995, Lone Star has raised 21 private equity funds with aggregate capital of approximately $85 billion. The Company organizes its funds into three series: the Commercial Real Estate Fund Series; the Opportunity Fund series; and the US Residential Mortgage Fund Series. Lone Star invests on behalf of its limited partners, which include institutional investors such as pension funds and sovereign wealth funds, as well as endowments and endowments that support medical research, higher education, and other philanthropic causes. For more information about Lone Star Funds, visit www.lonestarfunds.com.

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About Macquarie Capital

Macquarie Capital is the advisory, capital markets and principal investment arm of Macquarie Group. It includes corporate advisory services, a full spectrum of capital solutions including capital raising services from the equity, debt and private capital markets and principal investments from Macquarie’s balance sheet. Macquarie Capital brings deep industry expertise across the Aerospace, Energy, Defense & Government Services, Consumer, Gaming & Leisure, Financial Institutions, Healthcare, Industrials, Infrastructure, Resources, Software & Services, Technology, Telecoms and Media sectors. Macquarie Capital Principal Finance, the financing and principal investment arm of Macquarie Capital, makes investments from Macquarie’s balance sheet and provides flexible primary financing and secondary market investment solutions to corporate and commercial real estate clients in North America, Europe and Australasia.

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About Transcontinental Realty Investors

Transcontinental Realty Investors, Inc., a Dallas-based real estate investment firm, holds a diversified portfolio of equity properties throughout the United States, including office buildings, apartments, shopping malls, and developed and vacant lots. The Company invests in real estate through direct ownership, leasing and partnerships, and invests in mortgage loans on real estate. The Company also holds mortgage receivables.

For Lone Star:

Christina Preto

+1 (212) 849-9662 (o)

+1 (917) 499-4260 (c)

[email protected]

Source: Lone Star





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