April 17, 2024

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.
Sunsail Capital and ZaneCRE Acquire 350-Unit Sarah at Lake Houston Apartment Community in Houston Submarket of Humble, Texas
RPM Living Acquires 408-Unit Brentwood Downs Apartment Community in Atlanta’s Fast-Growing Suburban Housing Market
Venterra Realty Completes Second Acquisition in Daytona Beach With 208-Unit The Anatole Garden Apartment Community
Blue Roc Premier Properties Strengthens Position in Southwest Florida Market With Management of 800-Units in Fort Myers
The latest multifamily industry news
delivered to your inbox
HOUSTON, TX – New York-based Sunsail Capital and Dallas-based ZaneCRE announced the joint…
ATLANTA, GA – RPM Living Investments announces the acquisition of Brentwood Downs, a 408-unit…
DAYTONA BEACH, FL – Venterra Realty recently acquired its second multi-family community in Daytona…
LAKELAND, FL -Blue Roc Premier Properties LLC recently acquired management control for three…
CHARLOTTE, NC – Mill Creek Residential, a leading developer, owner-operator and investment manager…
ATLANTA, GA – GID, a vertically-integrated real estate company with corporate offices in Atlanta…
KING OF PRUSSIA, PA – Morgan Properties, one of the nation’s top three multifamily owners,…
FORT WORTH, TX – The Elm at River Park, a 293-unit multifamily community in desirable southwest…
The latest multifamily industry news delivered to your inbox.
MultifamilyBiz.com is an information, advertising, and content display platform focused on the multifamily housing industry. This Website features information, materials,products, content, images, links,and services provided by third parties, and we are not responsible for such. We do not own or manage any properties featured on this website, are not a party to, and are not liable for, any transactions with any party featured on this website. Your use of this website is subject to our Terms of Use Agreement.
© 2022 – MULTIFAMILYBIZ.COM – ALL RIGHTS RESERVED

source

About Author

Leave a Reply