SEATTLE, WA - Security Properties completed its final Capital Call for Security Properties Multifamily Fund VI, a $200 million moderately leveraged, geographically diversified private equity real estate fund that invested primarily in institutional joint ventures as the General Partner. The structure of these investments afforded Fund VI members an opportunity to participate in shared potential promoted interests in various joint ventures with institutional partners.
Fund VI invested in.
NASHVILLE, TN - Security Properties and Enterprise Community Investment partnered to acquire Hickory Hollow Towers and Colony Square Apartments. This acquisition marks the 10th and 11th joint venture between Security and Enterprise. Financing was provided by Fannie Mae through Berkadia.
Hickory Hollow is a 154-unit, senior affordable housing community located in Antioch, TN and Colony Square is an 80-unit, family affordable housing community located in Smyrna. TN. Both properties will benefit.
/PRNewswire/ Security Properties and Enterprise Community Investment partnered to acquire Hickory Hollow Towers and Colony Square Apartments on January.
BEND, OR - Security Properties purchased Sienna Pointe, a 168-unit, Class-B multifamily community located in Bend, OR for $49,500,000. This is Security Properties fifth acquisition in the Bend market.
Sienna Pointe is conveniently located on Bend seastside just a five-minute drive from Downtown. The property is situated at the base of Bend s most iconic landmark, Pilot Butte. The 114-acre Pilot Butte State Scenic Viewpoint rises nearly 500 feet above its surroundings and includes a two-mile.