Prospect Capital Pours $145M Into Rental Home Portfolio

Law360, New York (December 13, 2013, 2:37 PM EST) -- New York-based investment company Prospect Capital Corp. has poured $144.5 million into four new deals for 19 rent-producing multifamily residential properties totaling 5,652 rental units and 5.66 million rentable square feet, the company said Friday.

Those four deals include the acquisition of the 494-unit Bexley Apartment Homes in Marietta, Ga., as well as the acquisition of three multifamily property portfolios called Oxford, Gulf Coast, and Stonemark, whose properties are spread out over Alabama, North Carolina, Texas, Georgia and Florida.

They bring Prospect’s total aggregate investment to...
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