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Rincon Partners, LLC ("Rincon"), a full-service real estate investment and management firm headquartered in Phoenix, Arizona, is pleased to highlight a solid start to 2021 with over $128 million in multifamily real estate acquisitions and property sales. This high volume of activity underscores the resiliency and attractiveness of the industry’s apartment sector for both buyers and sellers.
Rincon Partners, LLC (“Rincon”) is pleased to announce the sale of Galeria del Rio (the “Property”) on July 14, 2021 for $32.0 million. Rincon acquired the 101-unit, class B+, property located in Tucson, AZ in March 2016 for $19.3 million as part of its 1031 exchange investment strategy.
Rincon Partners, LLC (“Rincon”) is pleased to announce the sale of Commons at Fort Mill (the “Property”) on June 23, 2021 for $25.7 million. Rincon acquired the 144-unit, class B+, property located in Fort Mill, SC in May 2019 for $19.3 million.
Rincon Partners, LLC (“Rincon”) is pleased to announce the acquisition of
NEXTLoft Apartments (the “Property”) in Bluffton, SC on May 21, 2021, for $18.15
million. The Property is a 148-unit, Class B+, multi-family community constructed
as an extended stay hotel in 2000 and fully renovated and converted to an
apartment community in 2018.