URS Capital Partners completes acquisition of Belmont Heights and sale of Latitude at Richmond Hill
05/17/24, 12:48 PM
Location
huntingtonbelmontIndustry
real estate investment
commercial real estate
real estate
hospitality
real estate
URS Capital Partners, a private real estate investment firm, has completed the acquisition of Belmont Heights Apartments and Townhomes in Belmont, NC, and the successful sale of Latitude at Richmond Hill in Richmond Hill, GA. This acquisition aligns with the firm's strategy of repositioning undermanaged and/or distressed multifamily properties, while the sale of Latitude at Richmond Hill is consistent with their efforts to harvest gains and rebuild the portfolio with new acquisitions at a more attractive basis in today's market.
Company Info
Location
Huntington, New York, United States
Company info
URS Capital Partners is a private real estate investment firm specializing in value-add apartment communities. Since their first apartment acquisition in 2009, URS has gone on to acquire 4,374 units and developed 1,092 units with over $830,000,0000 in total capitalization on acquisitions and development. The firm focuses on repositioning underperforming assets with a quantifiable value-add component, generating above-average returns for its investors and creating best-in-class communities for its residents. URS Capital Partners plans to continue adding to its portfolio within their targets markets throughout the Southeast and Midwest.