Euless Rental Property Sold for $34M by Knightvest Real Estate

Euless Rental Property Sold for $34M by Knightvest Real Estate

Knightvest Capital specializes in renovating and repositioning multifamily properties. In September 2017, the company purchased Reagan at Bear Creek, a 216-unit garden-style community located in Eulesss. To finance the deal, Knightvest secured a $20.7 million loan from Yardi Matrix. During its six years of ownership, they upgraded the property’s amenities and installed quality finish-outs to complete their renovation and repositioning strategy for Reagan at Bear Creek before recently selling it for $34 million to TwinkleStar Asset . The community is currently 93.1 percent occupied

TwinkleStar Asset has been active throughout Texas with holdings worth $360 million across 4,470 units including Wedgewood and Villas Del Sol – two Fort Worth multifamily properties totaling 222 units which were sold to a local private investor in 2020.. Since 2007 Knightvest has acquired over 55000 units of assets valued at approximately 10 billion dollars

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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