July 2014

McDowell Acquires $375MM of Apartments

Over the past twelve months, McDowell Properties has purchased $375MM of apartment projects in the Southeastern United States.  Each transaction was unique and required McDowell’s expertise in navigating complex situations.  This includes acquiring private REITs from a foreign entity, gaining control of assets in defaulted loan situations and acquiring a portfolio of assets off-market from a public REIT that needed to close quickly.  Each investment will require significant capital to improve the assets.  McDowell currently has a strong pipeline of deals and expects additional closings in the near future.

McDowell Properties is a leading real estate investment company that focuses on the acquisition, management and repositioning of multifamily properties in growth markets throughout the United States. The current portfolio consists of over 17,000 apartment units. The company is based in Dallas and has regional offices in New York, Miami, Raleigh and San Francisco. The senior management team has owned and managed in excess of $7.5BN of real estate in 40 of the top 50 MSAs, with a particular focus on multifamily. McDowell is currently making investments with discretionary capital as well as through joint ventures with institutional investors.

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