Dallas investor grabs almost 2,000 local apartments
S2 Capital now owns almost 11,000 rental units in North Texas.
The Brixton Apartments on Dallas Parkway was one of five properties purchased by S2 Capital.(Brixton Apartments )
A Dallas-based investor that has snapped up thousands of apartments in the Sun Belt in the last decade has added to its local holdings.
S2 Capital has bought almost 2,000 Dallas-area rental units in five communities. The new owner plans to spend almost $19 million renovating the properties, which are in Garland, Plano, Mesquite and Dallas.
“S2 now owns and operates 10,793 units within the D-FW Metroplex,” CEO Scott Everett said in a statement. “We are always looking for new investment opportunities across the multifamily spectrum in D-FW because the Metroplex offers residents a diverse employment base paired with an affordable cost of living.