Brixton Capital Expands South Texas Portfolio
The acquisition of the 200-unit Gulf Breeze marks the second deal this year in Corpus Christi for the company.
Gulf Breeze. Image courtesy of Brixton Capital
Brixton Capital has closed its second deal this year in Corpus Christi, Texas, with the acquisition of Gulf Breeze from Mount Auburn Multifamily. Yardi Matrix data shows the 200-unit community last traded in 2013, when Elan Development sold the asset.
Located at 6533 Patti Drive, the community is next to CHRISTUS Spohn Hospital Corpus Christi – South, within walking distance of plenty of retail and dining options, a little over 4 miles from South Texas Botanical Gardens and some 11 miles from NAS Corpus Christi. Completed in 2004 on 9 acres, the property comprises one-, two- and three-bedroom apartments in 22 two- and three-story buildings. Common-area amenities at the gated community includes a pool, fitness center, playground and dog run. Brixton Capital intends to continue the unit renovation started by the seller.
Berkadia Director Justin Cole worked on behalf of Mount Auburn Multifamily, while the new owner was self-represented. At the beginning of the month, Brixton Capital acquired United Apartment Group for an undisclosed amount.
