DALLAS, April 27, 2022 /PRNewswire/ — Trive Capital Real Estate is delighted to announce its acquisition of Med Main, a 338-unit multi-family property in from Houston Medical center submarket. This acquisition was made in partnership with Aspen Oak Capital Partners (“aspen oak“), a dallasowner/operator with extensive experience in the multi-family market.
Located minutes from the Texas Medical Center, Med Main is a 2020-built, Class AA community offering incredible access to vibrant employment hubs in the area. The property’s highly desirable community amenities include a resort-style pool and outdoor entertainment area, penthouse-level sky lounge, two-story fitness center, and coworking space. The property also offers direct access to Interstate 610, from Houston inner loop highway.
“This acquisition is truly representative of our approach to investing – a unique opportunity born out of a long-standing relationship with a clear path to value creation. We have a unique opportunity to add value to our investment and to community through hands-on asset management.We are thrilled to partner with aspen oak and owning this high-quality product in a market with high employment growth,” said Troy DanielFounding partner of Trive Capital Real Estate.
“Trive’s real estate equity strategy focuses on executing with trusted partners on value-added opportunities with strong growth drivers. Med Main is a perfect fit, aligning well with every component of our overall strategy,” added Conner Searcymanaging partner of Trive Capital.
Trive Capital Real Estate is focused on investing in stabilized acquisition, value-added repositioning and development opportunities both through joint venture relationships and on a direct basis. Trive’s philosophy is centered on creating value at the asset level through a practical and collaborative approach.
Trive Capital is a Dallas, TX private equity firm based with over $4 billion in regulatory assets under management. Trive is focused on equity and debt investing in what it sees as strategically viable middle-market companies with the potential for transformational growth through operational improvement. We seek to maximize returns through practical partnership that calls for identifying and implementing value creation ideas.
The Trive team is comprised of seasoned investment professionals who have participated in over 100 mid-market transactions representing over $6 billion turnover in the industrial sectors and situations targeted by Trive
View original content to download multimedia: https://www.prnewswire.com/news-releases/trive-capital-real-estate-completes-acquisition-of-med-main-301534554.html
SOURCE Trive Capital