Brixton Capital Purchases 250-Unit Apartment Project in Corpus Christi, Texas

Brixton Capital Purchases 250-Unit Apartment Project in Corpus Christi, Texas

Brixton Capital has acquired a Corpus Christi, Texas apartment property for an undisclosed price.

Brixton purchased the 250-unit 6947 Everhart Apartments located at 6947 Everhart Rd, Corpus Christi, TX from Austin Multifamily Investments Partners LLC.

Built in 1983, the property totals approximately 216,000 square feet. Apartments range in size from 643 square feet to 1,038 square feet with an average of 866 square feet.

Brixton Capital plans to invest in upgrades to the exterior of the property and renovate the apartment interiors.

According to Jim Hamilton, vice president of acquisitions at Brixton Capital, “6497 Everhart is an excellent addition to our growing workforce housing portfolio. Its convenient location, diverse mix of floor plans and amenity space along with the strong long-term fundamentals of the Corpus Christi market make it an ideal representation of Brixton’s value-add approach to investing in multifamily properties.”

Brandon Miller and Brad Shaffer of Newmark Knight Frank represented the seller, while Brixton Capital represented itself.

Brixton Capital is a preeminent private real estate investment firm that seeks to generate outstanding, risk-adjusted returns by unlocking embedded value in commercial real estate transactions spanning all property types. Headquartered in Solana Beach, California, Brixton is led by a team of seasoned real commercial real estate experts with an average of more than 25 years of experience.

Brixton currently owns and operates a portfolio valued in excess of $1 billion, representing over 10 million square feet of retail, multi-family, office, industrial and land investments across the United States and Europe.