Stockdale Capital Partners buys 2 properties in 30 days

Core Insights - The article discusses the recent acquisitions by Stockdale Capital Partners in the multifamily real estate sector, highlighting the current market conditions that present both challenges and opportunities for investment firms [1][2]. Group 1: Acquisitions - Stockdale Capital Partners has acquired two properties: Amelia at Farmer's Market in Dallas and The Quincy at Kierland in Scottsdale, Arizona, expanding its multifamily division [2][5]. - The purchase price for The Quincy at Kierland was reported at $110 million, while the price for Amelia at Farmer's Market was withheld [1][5]. Group 2: Market Conditions - The article notes a glut of newly built apartments, leading to competitive markets where operators must offer concessions to retain residents [1]. - Stockdale's Managing Director, Chase Jensen, indicates that rising loan maturities, declining supply, and future rent growth create favorable conditions for acquisitions [3]. Group 3: Property Features - Amelia at Farmer's Market is a 297-unit class A community featuring luxury amenities such as a rooftop infinity-edge pool and a state-of-the-art health studio [4]. - The Quincy at Kierland consists of 266 units with high-end finishes and amenities including a resort-style pool, fitness center, and business center [6].