Developer Jeronimo Hirschfeld Continues Acquisitions of Multifamily Properties in Texas
Updated: Dec 29, 2018
Jeronimo Hirschfeld, developer and CEO of Miami-based One Real Estate Investment, announced today the purchase of another multifamily property in Texas. His latest acquisition is the Winding Trails Apartments located at 10300 Wilcrest in Houston, featuring 438 apartments. Earlier this month he purchased The Vibe at Landry Way, 7412 Ederville Road in Fort Worth, with 224 units on 12 acres.
Last year Hirschfeld purchased two other properties in the Houston area: Avalon at Royal Oaks, located at 2310 Crescent Park Drive, for $30 million last July, and another 446-multifamily property for $20.3 million last May.
One Real Estate Investment has consolidated a portfolio valued in excess of $500 million with more than 5,500 class B and C multifamily apartments.
“We are very excited as we continue to grow and expand into different markets. At this time we are working on three new acquisitions totaling 900 apartments and are looking to end the third quarter with another 1,200 units. This will put us close to 8,000 apartments,” said Hirschfeld.
Jennifer Campbell, an associate at Marcus & Millichap, brokered the sale. Anthony L. Morrison, a partner at Kapp Morrison LLP, also worked on the deal.
About One Real Estate Investment
Established in 2001, One Real Estate Investment is a privately owned, Miami-based real estate investment company that owns, manages and develops a growing portfolio of multi-family properties, single-family homes, residential high-end buildings, and commercial, and retail properties. With headquarters located on Brickell Avenue, the company embraces all aspects of real estate including acquisition, financing, property management, construction, repositioning, and disposition. One Real Estate has acquired a portfolio of more than 5,500 multi-family residential units in Houston, Texas and in Miami-Dade County, Florida. The portfolio also includes several commercial buildings and a master-planned, seven-acre subdivision in North Florida that is scheduled to be the site of a major retail shopping center. In addition, in early 2015, the company purchased two vacant lots, comprised of 78,050 square feet, in the bustling Wynwood Arts District for $15 million. For more information, please visit www.onerealestateinvestment.com.
See origin of the news: https://houston.citybizlist.com/article/432976/developer-jeronimo-hirschfeld-continues-acquisitions-of-multifamily-properties-in-texas