Reap Capital is thrilled to announce the successful acquisition of The Calvin, a 167-unit multifamily property in Plano, TX. This milestone underscores our commitment to capturing high-quality assets in prime markets. ? This achievement was made possible through our strategic partnership with 3650 Capital as Joint Venture partners. Their expertise was instrumental navigating this deal, marking the beginning of a promising collaboration. ? A special acknowledgement for our partnership with Northmarq whose dual role as both the investment sales broker and debt broker were critical to the success of this transaction. ? We extend our gratitude to our partners at MONTICELLOAM, LLC providing $23.6 million in bridge debt financing, MW Law for their legal acumen, and Fidelity National Title for their critical support in this complex transaction. ? The Calvin represents another opportunity to apply our proven value-add strategy, elevating the living experience for our residents, and driving substantial returns to our investors. John Sauter Richard Putnam Jeremiah Sharf?Taylor Snoddy?Charles Hubbard Kevin Leamy Chris Hetzel Adnan Merchant @Rozbeh Rozbeh Sororian Shams Merchant Joshua Samuel #RealEstate #Multifamily #Invest #ValueAdd?
Congrats Reap Capital!
Congratulations!
Partner, Business Development & Sales Executive at Element Enterprises - Host Common Cents The Podcast
2 个月Congratulations! That’s an amazing property!