Brixton Capital based in Solana Beach has acquired a Texas apartment complex for an undisclosed price.
The company bought Everhart Apartments in Corpus Christi from Austin Multifamily Investments Partners LLC.
Built in 1983, the 216,000 square-foot complex at 6947 Everhart Road has 250 apartments ranging from 643 square feet to 1,038 square feet with an average of 866 square feet.
Brixton Capital plans to renovate the apartments and make improvements to the exterior of the project.
“^497 Everhart is an excellent addition to our growing workforce housing portfolio,” said Jim Hamilton, vice president of acquisitions at Brixton Capital.
“It’s convenient location, diverse mix of floor plans and amenity space along with the strong long-term fundamentals of the Corpus Christi market make it an ideal representation of Brixton’s value-add approach to investing in multifamily properties,” Hamilton said.
Brandon Miller and Brad Shaffer of Newmark Knight Frank represented the seller. Brixton Capital represented itself.