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Kairoi Residential Completes a Pair of Agency Loan Assumptions in 2020
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SAN ANTONIO, April 12, 2021 /PRNewswire/ Kairoi Residential has acquired two garden-style multifamily communities Boulevard at Sonterra, a 2000 vintage, 326-unit property in San Antonio, and Cameron Creek, a 1985 vintage, 446-unit property located in Fort Worth in separate transactions during 2020. With these two acquisitions, Kairoi has continued to execute on its strategy of acquiring institutional quality multifamily properties with assumable Fannie Mae and Freddie Mac loans. We are pleased to continue to execute our strategy of purchasing well-located loan assumption projects in our target markets, said Kairoi President of Acquisitions Madison Marceau. Both Boulevard at Sonterra and Cameron Creek provide tangible upside through strategic renovations and hands-on management.