Momentum Multifamily Closes Out 2021 With $85M+ in Transactions

Driven by results.

Momentum Multifamily, a private real estate syndication company based in Dallas, TX, has announced the closing of The Henry at Deerbrook (Formerly Bellaterra at Deerbrook), a 360 unit, class A multifamily asset in Humble, TX.

This puts their total acquisitions for the year at $85M+ in transaction volume and over $24M in equity raised, across a total of 588 units.

Their most recent transaction, which closed in only 41 days (The Henry at Deerbrook) was acquired from Priderock Partners.

“We were able to secure this property at an incredible basis and by our conservative figures should deliver an attractive yield throughout the duration of the hold to our investors."said Dustin Miles, Managing Partner at Momentum Multifamily.

Both assets that were purchased this year are now being managed by Asset Living, the 4th largest multifamily property management firm that currently manages over 150,000 units across the country. With their national headquarters based in Houston, TX they have a deep understanding of the Houston market and apartment trends throughout the country.

"We are excited to continue to focus on our strengths and acquire institutional quality assets that fit our business plan. We saw a lot success in the market over the last year and plan to continue to expand our presence in the Houston market over the course of 2022." said Hayden Harrington, managing partner at Momentum Multifamily.