Pittsburgh, PA -- (SBWIRE) -- 08/08/2018 -- Alpha Capital Partners, a Pittsburgh area-based real estate investment firm, has acquired Clear Point Gardens, a value-add 604-unit multi-family property located in Columbus, Ohio. The property is comprised of 33 two and three-story buildings with a mix of flats and town homes. Clear Point Gardens is located within the thriving Columbus multi-family market and has been well maintained with about $5M+ in capital improvements over the past 5 years.
The location provides direct access to both I-71 and I-270-, the main auxiliary interstate of Columbus, and to major employers in the area. It also gives residents convenient access to Columbus' major healthcare, education, and entertainment centers.
Jide Famuagun, CEO of Alpha Capital Partners, said "We are certainly excited to be establishing our footprint in the Columbus Market. Columbus has a lot of exciting opportunities which we are eager to take advantage of. The market offers a strong employment base as well as a solid sense of community and partnership."
This is the third asset acquired in Alpha Residential Growth Fund IV, a targeted $50M fund. ARG Fund IV will acquire and operate student housing and multifamily apartment communities with the objective of creating value through Alpha Capital Partners' investment and operating process.
About Alpha Capital Partners
Alpha Capital Partners is a Pittsburgh -based real estate investment firm that acquires student-housing, multi-family and medical offices in secondary and tertiary markets. The company is the leader in the middle-market space and has delivered higher-than-expected margins and risk-adjusted returns. Alpha Capital Partners is continuously growing its portfolio and currently owns 24 properties in growth markets across the United States.
For additional information, visit http://www.alphacapitalpartners.com.
Contact for Alpha Capital Partners
Investor Relations: Aly McCaffrey
Media: Lola Soyebo Harris