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Partnership Closes First Part of $534 Million Apartment Portfolio in Sun Belt

RREAF Holdings, DLP Capital and 3650 REIT Buy 13 Properties in Larger 21-Property Deal

Ventura Lofts, a 265-unit garden-style apartment complex in Houston, is expected to sell by early November to a partnership as part of the remaining $534 million deal. (CoStar)
Ventura Lofts, a 265-unit garden-style apartment complex in Houston, is expected to sell by early November to a partnership as part of the remaining $534 million deal. (CoStar)

A private real estate investment and development firm has closed on the first part of its largest deal ever, spanning 21 properties and more than 4,000 apartment units throughout the Sun Belt.

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