M&A Deal Summary

37th Parallel Properties Acquires Cashel Springs Apartments

On September 30, 2019, 37th Parallel Properties acquired real estate company Cashel Springs Apartments

Acquisition Highlights
  • This is 37th Parallel Properties’ 1st transaction in the Real Estate sector.
  • This is 37th Parallel Properties’ 1st transaction in the United States.
  • This is 37th Parallel Properties’ 1st transaction in Texas.

M&A Deal Summary
Date 2019-09-30
Target Cashel Springs Apartments
Sector Real Estate
Buyer(s) 37th Parallel Properties
Deal Type Add-on Acquisition

Target

Cashel Springs Apartments

Houston, Texas, United States
Cashel Springs Apartments provides residents with a long list of must-have amenities and a stress-free commute to Downtown Houston. Built-in the 1980's, the property features private balconies, walk-in closets, a fitness center, clubhouse, detached garages, and two swimming pools.

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Buyer(S) 1

Buyer

37th Parallel Properties

Richmond, Virginia, United States
Category Company
Founded 2008
Sector Real Estate
DESCRIPTION

37th Parallel Properties is a privately-held, multifamily real estate investment firm has acquired and managed over 4,500 units valued at approximately $495 million across the Southeast and Texas on behalf of high net worth, family office, and institutional investors.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
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