Brixton Capital, a Brutten Global company, has acquired a Corpus Christi, Texas apartment property named 6947 Everhart Apartments for an undisclosed price. Brixton Capital purchased the 250-unit property, located at 6947 Everhart Rd, from Austin Multifamily Investments Partners LLC.
Built in 1983, the property totals approximately 216,000 sq. ft. Apartment homes range from 643 – 1,038 sq. ft., with an average of 866 sq. ft. Brixton Capital plans to upgrade the exterior of the property and renovate the apartment interiors.
Jim Hamilton, vice president of acquisitions at Brixton Capital, states, “6497 Everhart is an excellent addition to our growing workforce housing portfolio. Its convenient location, diverse mix of floor plans and amenity space along with the strong long-term fundamentals of the Corpus Christi market make it an ideal representation of Brixton’s value-add approach to investing in multifamily properties.”
Brandon Miller and Brad Shaffer of Newmark Knight Frank represented the seller, while Brixton Capital represented itself in the transaction.
Brixton currently owns and operates a portfolio valued in excess of $1 billion, representing over 10 million square feet of retail, multi-family, office, industrial and land investments across the United States and Europe. The firm is headquartered in Solana Beach, California, and led by a team of seasoned real commercial real estate experts with an average of more than 25 years of experience.