Hamilton Point Investments Spends $450M on Multifamily Acquisitions

Hamilton Point Investments (HPI) has acquired a portfolio of four Houston properties, comprising a total of 1,174 apartments, that were built in 2022.

The properties were purchased from a Texas multifamily developer for $195 million, representing a unit cost of $166,100. Three of the assets closed in late June and one in May.

HPI owns and manages multifamily properties, hotels, student housing, and manufactured housing communities. It raises capital from accredited individual investors through independent broker-dealer financial advisors, as well as from registered investment advisors in a series of closed-end real estate private equity funds.

Houston