Auerbach Funds, in partnership with Mentis Capital Partners, has expanded its investment portfolio through the strategic acquisition of Hampton East, a 126-unit multifamily apartment complex located in the Marshall Heights neighborhood of Washington, D.C. The property, which features two-bedroom rent-controlled units, presents an attractive investment foundation for both Auerbach Funds and Mentis Capital Partners. The collaboration intends to implement substantial renovations aimed at transforming the complex to accommodate more three- and four-bedroom units equipped with energy-efficient upgrades. Such improvements are expected to enhance the living conditions for current tenants and attract future residents, while also delivering substantial returns to investors. This initiative also fits into the broader context of economic growth and development in the Southeast Washington, D.C. area, particularly with the adjacent Fletcher-Johnson at the Park Development promising to bring a mix of affordable and senior housing units. Moreover, this acquisition marks the initiation of the Auerbach Opportunity Fund IV’s asset portfolio, following a successful close of a friends and family fundraising round. The fund is poised to welcome new investors throughout 2024. Auerbach Funds, founded in 2016 and headquartered in Charlotte, North Carolina, specializes in identifying distressed, mismanaged, or underperforming real estate properties across multiple asset types in the United States, managing over $660 million in total asset value.

Real Estate Private Equity, Multifamily Housing, Affordable Housing,Washington, D.C., USA, Charlotte, NC, USA

https://www.einpresswire.com/article/711249671/auerbach-funds-acquires-126-unit-hampton-east-apartments-in-washington-d-c?ref=rss&code=TBZPx1kIfwj9TStk