Elizabeth Property Group And American South Fund Management Acquire Six Texas Communities Portfolio

The Elizabeth Property Group and American South Fund Management, LLC have partnered to acquire a portfolio of six affordable housing communities in Texas. The portfolio, known as the Six Texas Communities Portfolio, includes a total of 1,444 units located in Houston, Duncanville, Beaumont, Huntsville, Bryan, and Wichita. The goal of the partnership is to maintain the affordability of the units and carry out renovations while ensuring that current tenants are not displaced. This purchase aligns with their strategy of supporting low-income multifamily projects in the southern US.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 1,444
• Market: Houston, Duncanville, Beaumont, Huntsville, Bryan & Wichita

Deborah La Franchi, representing American South Fund Management, LLC, played a key role in the acquisition of the Six Texas Communities Portfolio. Her expertise in affordable housing projects and commitment to ensuring the well-being of current tenants made her a valuable asset in this transaction.