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Hampshire Capital Completes Acquisition of Villas Del Zocalo I Multifamily Property in Dallas
Located in exceptional submarket Hampshire to apply value-add renovation and rebranding
PORTSMOUTH, NH December 4, 2023 – Hampshire Capital (“Hampshire”), a New Hampshire-based multifamily investment manager, today announced it has acquired Villas del Zocalo I, a 206-unit multifamily property built in 1985. This is Hampshire’s second Dallas acquisition in the past 12 months highlighting the solid investment fundamentals of multifamily assets in strong growth markets during a year with very challenging capital markets. Terms of the transactions were not disclosed.
“This deal marks the first acquisition for Hampshire in 2023. We have remained very patient this year as we tracked transactions and capital markets in Dallas. Capital markets have deteriorated nationally; however multifamily apartment fundamentals in the markets we target remain strong. Zocalo has a strong value-add profile and we transacted at a basis that we felt provided a compelling opportunity for our institutional and private investors in this environment. We have a lot of conviction about the fundamentals of the Dallas-Fort Worth market and will continue to expand our footprint here in 2024,” said Shane Carter, CEO.
Villas del Zocalo I is located in the Bachman Neighborhood, one of the top performing Dallas submarkets for rent growth and occupancy in 2023. Hampshire plans to rebrand the property to “The Dahlia” and will enhance and reposition the property through investment in the unit interiors, exteriors, and amenities. Hampshire Capital’s affiliate, HC Construction, will be managing the renovations at the property. www.livedahlia.com
Northmarq’s Charles Hubbard represented the sellers in the transaction.
Northmarq’s Kevin Leamy represented Hampshire in securing financing.
About Hampshire Capital
Founded in 2020, Hampshire is a Portsmouth, NH based national multifamily investment platform specializing in value-add, opportunistic, and distressed investments. With approximately $300 million in transaction volume, Hampshire has acquired over 2,000 units. The firm concentrates its investments in the U.S. Sunbelt, including South Carolina, Florida, Georgia, North Carolina, and Texas, where job and population growth are expected to outpace the national average and contribute to significant renter demand. For more information, visit www.hampshirecap.com.
Media Contact
Rob Spalding
Email: [email protected]
Phone: (603) 531-0053
Source Hampshire Capital
Filed Under News
Tagged With real estate investor, hampshire capital portfolio, hampshire capital news
Hampshire Capital Completes Acquisition of Villas Del Zocalo I Multifamily Property in Dallas
Located in exceptional submarket Hampshire to apply value-add renovation and rebranding
PORTSMOUTH, NH December 4, 2023 – Hampshire Capital (“Hampshire”), a New Hampshire-based multifamily investment manager, today announced it has acquired Villas del Zocalo I, a 206-unit multifamily property built in 1985. This is Hampshire’s second Dallas acquisition in the past 12 months highlighting the solid investment fundamentals of multifamily assets in strong growth markets during a year with very challenging capital markets. Terms of the transactions were not disclosed.
“This deal marks the first acquisition for Hampshire in 2023. We have remained very patient this year as we tracked transactions and capital markets in Dallas. Capital markets have deteriorated nationally; however multifamily apartment fundamentals in the markets we target remain strong. Zocalo has a strong value-add profile and we transacted at a basis that we felt provided a compelling opportunity for our institutional and private investors in this environment. We have a lot of conviction about the fundamentals of the Dallas-Fort Worth market and will continue to expand our footprint here in 2024,” said Shane Carter, CEO.
Villas del Zocalo I is located in the Bachman Neighborhood, one of the top performing Dallas submarkets for rent growth and occupancy in 2023. Hampshire plans to rebrand the property to “The Dahlia” and will enhance and reposition the property through investment in the unit interiors, exteriors, and amenities. Hampshire Capital’s affiliate, HC Construction, will be managing the renovations at the property. www.livedahlia.com
Northmarq’s Charles Hubbard represented the sellers in the transaction.
Northmarq’s Kevin Leamy represented Hampshire in securing financing.
About Hampshire Capital
Founded in 2020, Hampshire is a Portsmouth, NH based national multifamily investment platform specializing in value-add, opportunistic, and distressed investments. With approximately $300 million in transaction volume, Hampshire has acquired over 2,000 units. The firm concentrates its investments in the U.S. Sunbelt, including South Carolina, Florida, Georgia, North Carolina, and Texas, where job and population growth are expected to outpace the national average and contribute to significant renter demand. For more information, visit www.hampshirecap.com.
Media Contact
Rob Spalding
Email: [email protected]
Phone: (603) 531-0053
Source Hampshire Capital
Filed Under News
Tagged With real estate investor, hampshire capital portfolio, hampshire capital news
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