Record Apartment Transactions Volumes Continue with $400M Dealmakers

Redwood Capital Group a buyer and Carter Funds a seller as robust, record-setting year continues.

Multifamily acquisitions reached record levels in Q2 this year, according to CBRE and Berkadia said it expects that pace to continue or even strengthen as this year continues.

Next in line is Redwood Capital Group, a vertically integrated multifamily investment manager, which Tuesday announced it has acquired Brook Run, a 182-unit apartment community in Arlington Heights, Ill., and Wilder, a 381-unit apartment community in Austin, Texas.

The acquisitions, which were separate transactions, reflect Redwood’s commitment to aggressive and strategic national growth plans to double in size by 2025.

Including these transactions, Redwood has completed six acquisitions totaling approximately $400 million in value and 1,706 apartment homes the past 12 months.

The rapid growth of the company’s portfolio is part of a five-year strategic plan to double the size of Redwood’s portfolio, which was valued at $1.7 billion in apartment assets under management at the start of 2021. The company’s portfolio of almost 9,000 units is concentrated in the Southeast, Southwest and Midwest.

Redwood projects an additional $200 million of deals in 2021 as its pipeline remains very active. Redwood’s investments team is led by Managing Directors Bill McDougall and Field Stern in Chicago with acquisitions efforts supported by Directors Ryan Steppe and Bill Rose in Atlanta and Dallas, respectively.

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