NEW YORK, NY - NDC Capital Partners LLC ("NDC") today announced a co-investment with Post Investment Group ("Post") for the acquisition of 365 Class B Apartment units. This joint venture marks the second partnership between NDC and Post. Greentree Apartments is located in the city of Carrollton, TX, a submarket in the Dallas/Forth Worth Metroplex. The property has significant drive-by traffic given its location just northwest of the intersection of the President George Bush Turnpike and Old Denton Road. The location allows for convenient access to major employment hubs, retail, entertainment districts, DFW International Airport, Downtown Dallas and the entire Metroplex via the President George Bush Turnpike (0.5 miles to the south), Stemmons Freeway - I-35 (1.7 miles to the west).
Post Investment Group is an opportunistic real estate firm focused on the acquisition and rehab of multifamily assets. The company specializes in both core-plus and value-add investment opportunities capitalized through private and institutional investors. The Operator's currently multifamily portfolio in Texas totals 5,504 units of which 1,634 units are located in Dallas. Past investments have been concentrated in California with more recent investments being made in Texas. Post Investment Group targets deals ranging between $15 million and $100 million throughout the United States.
NDC is a private equity firm, investing capital in U.S. commercial real estate assets and related entities through joint venture structures with proven operating partners. NDC pursues a disciplined investment philosophy that focuses on value-oriented strategies, including property renovation, development, and repositioning. The foundation of NDC's investment platform is an alignment of interest created through a co-investment partnership with knowledgeable operating partners. A proven track record of producing consistently high risk-adjusted returns supports this investment philosophy.
Source: NDC Capital Partners