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.
Seven Plano apartment complexes still dealing with water loss and weeks of repairs
Management said there are between five and 20 plumbers working around the clock and being paid double to fix the 40 mainline breaks and thousands of leaks. Author: Jobin Panicker Updated: 11:06 PM CST March 1, 2021
PLANO, Texas Lora Coleman and Antonio Gething described the last two weeks in their North Texas apartments as disastrous.
Coleman lives with her 19-year-old son and Gething supports a family of six in their Bel Air Oaks apartments in Plano. The mid-February winter storm led to burst pipes and leaks throughout homes, businesses and apartments in North Texas.