Cardone Capital Purchases 351-Unit Stella at Riverstone Luxury Apartment Community in Sugar Land, Texas

Cardone Capital Purchases 351-Unit Stella at Riverstone Luxury Apartment Community in Sugar Land, Texas

SUGAR LAND, TX - Cardone Capital, a Miami-based multi-family investment firm, announced the acquisition of Stella at Riverstone, a Class “A” garden-style apartment community with 351 units located close to excellent schools, major employers, and retail in the heart of Sugar Land, Texas. 

Sugar Land is one of the most exclusive and desirable areas in the Houston MSA with extremely high barriers to entry for new multifamily development. The construction quality of Stella at Riverstone is unparalleled in the area. The property offers investors the opportunity for long–term stability, future rent growth, and value appreciation. 

Cardone Capital allows both accredited and non-accredited investors opportunity to invest in this large, cash-flow positive deal typically reserved for institutions and high net worth investors. 

“Grant Cardone is the first person to put together both real estate expertise and a huge social media following to create a successful crowdfunding platform. Investors are now able to invest directly into real assets and partner with him. With both accredited and non-accredited funds available, Cardone Capital is positioning to be the industry leader,” stated Ryan Tseko, Portfolio Manager of Cardone Capital.

Stella at Riverstone is a great opportunity for less experienced, less capitalized investors to access the kind of deal usually reserved for big players on Wall Street. 

“We're disrupting the real estate industry and changing the way people invest in great real estate. I’m excited to offer both accredited and non-accredited investors the opportunity to own a piece of property like Stella at Riverstone which is typically owned by the super wealthy,” stated Grant Cardone, CEO of Cardone Capital.

With the growing trend of both baby boomers and millennials preferring to rent rather than own a home, everyone is craving the amenities that Stella at Riverstone has, such as a fully equipped business center, clubhouse, athletic center, and a spectacular swimming pool with tanning shelves and water features. 

This is the first acquisition of 2019 for Cardone Capital, which already has 4,774 units and $890 AUM.

Source: Cardone Capital / #Apartments #Multifamily

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