Hawthorne Announces the Sale of Two Texas Multifamily Communities

Hawthorne Residential Partners, a fully integrated multifamily investment, management, and development firm with a portfolio of over 42,000 apartments throughout the southeast recently sold two communities in Texas: Hawthorne at Southshore and Hawthorne at Victoria.

Hawthorne at South Shore, acquired in 2014, is a 240-unit multifamily community located in League City, Texas.  The waterfront community offers one- and two-bedroom luxury homes with the best of the Shore Shore Harbor lifestyle, panoramic marina views, and best-in-class wellness amenities.  Newmark’s David Mitchell marketed South Shore on our behalf.

Hawthorne at Victoria, acquired in 2014, is a 286-unit multifamily community located in Victoria, TX.  The recently renovated community offers one- and two-bedroom luxury homes with build-in computer desks, modern kitchens with stainless steel appliances, and luxury amenities.  Walker & Dunlop’s Ryan Epstein and Jennifer Ray marketed Hawthorne at Victoria.

Both communities will be renamed by the buyers pursuant to the branding strategy.

“Hawthorne is pleased to have delivered strong results to our investors and partners and remains well-positioned to take advantage of market opportunities on future projects,” said Shoff Allison, Founding Principal at Hawthorne Residential Partners.  “Our operations, property improvements, and investments teams continue to outperform the market and were instrumental in successfully executing this transaction.”

Additional financial details of the transaction were not disclosed.  

ABOUT HAWTHORNE RESIDENTIAL PARTNERS

Hawthorne Residential Partners is a fully integrated, multifamily investment, management, and development firm. Headquartered in Greensboro, NC, Hawthorne manages over 180 communities and 42,000 units across eight states in the Southeast and Texas. Hawthorne has a robust investment and management platform, operating a portfolio valued over $8.5B. The company was founded in 2009 based on the “Live It” difference — a daily commitment to go above and beyond for associates, partners, and the thousands of individuals that are proud to call a Hawthorne community home. To learn more, visit www.hrpliving.com.