Pacific Oak Capital Advisors Acquires Portfolio of 42 Single-Family Homes in Houston prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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MEMPHIS, Tenn., April 14, 2021 /PRNewswire/ Pacific Oak Capital Advisors, LLC, a sponsor primarily focused on commercial real estate-focused alternative investment programs, today announced the recent acquisition of seven single-family homes in Southaven, Mississippi for $1.11 million. With this latest portfolio acquisition, Pacific Oak and its affiliates now own and manage approximately 1,800 homes throughout suburban centers in the Midwest and Southeast.
The built-to-rent homes were completed in 2020, and are 10 minutes south of downtown Memphis. The homes were constructed by a Tennessee homebuilder that is a strategic Pacific Oak partner in the submarket, and represent an extension of Pacific Oak s prior investments in both Southaven and the broader Memphis submarket.