Source: DPG Investments / #Apartments #Finance
SAN ANTONIO, TX - DPG Investments and affiliates announced another successful capital structuring and closing. DPG structured $2.1 million in limited partner capital, equating to approximately 95 percent of the required equity, for the acquisition and renovation of a 327-unit apartment complex in San Antonio, Texas.
The property, Santa Fe Place, is located on seven acres and is close to employment centers and transportation corridors.
DPG Chairman Dan Galvanoni commented, "Santa Fe Place represents the ninth multifamily property investment DPG has structured in Texas in the past year, in four metro areas. DPG believes Texas and the southeast continue to be robust markets."
Joe Joseph, DPG's managing director of real estate finance, noted, "Santa Fe Place is the second apartment transaction with this operating team and DPG's significant family office investor. DPG values programmatic relationships with our operating and investor partners."
DPG Investments and its affiliates provide global alternative investment management and advisory services. With offices in Arizona, California, Connecticut and Georgia, DPG was founded in 2004 from a top tier family office.