Acquisition of a 214-unit multifamily portfolio located minutes from Chevron’s 3,000-acre refinery, Ingalls Shipbuilding, and the Port of Pascagoula, anchoring long-term demand from stable, high-wage industrial employers.

Experienced Sponsor who owns a well-occupied property across the street, allowing the Sponsor to leverage existing staff, proven operating systems, and local management to improve efficiency, reduce expenses, and stabilize the portfolio.

Sponsor acquired the property at an attractive basis, with a business plan to cure deferred maintenance, modernize units, and raise occupancy to submarket levels.