The Kingly Group

The Kingly Group expands its footprint in North Carolina with the acquisition of Briarwood Apartments located in Fayetteville, North Carolina. We were attracted to this 273-unit property due to the significant value add opportunity and overall purchase basis. Briarwood Apartments is well located in the submarket with proximity to Cape Fear Valley Medical Center.

The Kingly Group along with our partners were able to secure the opportunity off-market without a formal bidding process. This will be Kingly’s 2nd acquisition in North Carolina and 7th acquisition in the Sun Belt region. The Kingly Group has acquired 1,555 units since 2019.

The Kingly Group enters DFW with the portfolio acquisition of Clear Fork Trail Apartments and Trinity Oaks Apartments located in Benbrook, TX. We were attracted to this 334-unit, Class B, 2 property portfolio due to the significant value add opportunity and overall purchase basis. Located in an affluent area of Tarrant County, Clear Fork Trail and Trinity Oaks are within walking distance of “A+” rated Fort Worth Country Day, a private college-preparatory school. The area is surrounded by neighborhoods with $1M+ single family homes with a $96K+ average household income within 2 miles of the assets. The properties have excellent highway access and are in close proximity to Whole Foods and various high end retailers. Over the past few years, we’ve seen increased institutional ownership in this submarket due to the excellent apartment fundamentals and location.

The Kingly Group along with our partners were able to secure the opportunity off-market without a formal bidding process. This will be Kingly’s 5th and 6th acquisition in the Sun Belt region. The Kingly Group has acquired 1,282 units since 2019.

The Kingly Group is proud to be sponsoring the Best Ever Conference in Denver, Colorado. February 24th to February 26th. Looking forward to connecting with our friends, investors and industry colleagues!

Use our discount code KINGLY22 for 15% off

The Kingly Group is pleased to announce the sale of Retreat at Stone Mountain Apartments, a 212 unit Class B apartment complex in Atlanta, GA. The property was originally purchased in March 2019 for $14,200,000. It underwent $1,000,000+ in renovations. This sale marks Kingly’s 2nd disposition and our 4th transaction in the Atlanta market. Thank you Barden Brown and the Greystone Brown Realty Advisors team for making this a smooth transaction and getting this deal sold at a record breaking price of $26,394,000. 85%+ above our original purchase price. Great team effort with our partners on helping execute the business plan. Best wishes to the buyers Yossi Kagan and Levi Polter with Zevulon Capital, Inc. with their new acquisition. Congratulations to our investors on this deal! Video case study coming soon. Looking forward to continued growth!

Roughly 2.5 million to 3.5 million American households are behind on their rent, according to the Goldman Sachs report. They owe landlords between $12 billion and $17 billion.

Goldman Sachs estimates 750K households face eviction after moratorium ends Roughly 2.5 million to 3.5 million American households are behind on their rent, a report says.

Tricon Residential entered into a $5 billion joint-venture agreement with Teacher Retirement System of Texas, Pacific Life and one other existing institutional investor to acquire over 18,000 single-family rental homes in the U.S. Sun Belt over the next three years. The joint-venture will serve as the successor to Tricon’s existing single-family rental joint-venture.

Tricon announces $5B JV to acquire over 18,000 single-family rentals | Real Estate Weekly The Joint Venture will have an initial equity commitment of $1.4 billion

Blackstone and AIG have agreed to a massive deal involving the sale of $5.1 billion in affordable housing assets.



Source: The Real Deal

Blackstone Buys $5.1B in Affordable Housing from AIG The deal between AIG and Blackstone was part of a larger transaction in which AIG sold a 9.9% stake in its life and retirement business.

DFW tops the country for apartment buys. During the 12-month period ending with first quarter 2021, investors snapped up $9.6 billion in D-FW apartments, according to a new report by commercial real estate firm Newmark.

Great insights on this article from The Dallas Morning News written by Steve Brown

D-FW tops the country for apartment buys Give the flurry of recent high-profile sales, it shouldn’t come as a surprise that Dallas-Fort Worth leads the country in apartment purchases. Since the...

The Kingly Group has just closed escrow on the sale of Marketplace Square Apartments, a 152 unit apartment complex in Atlanta, GA. The property was originally purchased in April 2019 for $9,000,000. It underwent $2,800,000 in renovations which included a $2,000,000 grant from the FAA noise reduction program. This sale marks Kingly’s first disposition in our firm’s history and our 3rd transaction in the Atlanta market. Thank you Christopher Lyon and the Cushman & Wakefield team for making this a smooth transaction and getting this deal sold. Great team effort with our co-GPs on executing the business plan. Thankful for our LPs as well. Video case study coming soon. Looking forward to continued growth!