Henderson Global Investors has acquired three assets in North America for a total of $91m (£58m).
Henderson’s US multifamily housing fund CASA IV has acquired the Rittenhouse Apartments, a 206-unit apartment community in Washington, DC, while the CASA V fund held its initial equity closing and has completed its first two acquisitions. These are Waterford at the Lakes, in Kent, Washington, a 344-unit master planned community; and Southpoint Glen, in Durham, North Carolina, which has 346 units.
Jay Martha, head of Henderson’s North America property business, and co-portfolio manager for CASA IV and V, said: “Investors in the apartment sector benefit from a variety of viable investment strategies including bond-financed apartment investment, repositioning, and even development.
“We believe present market conditions are optimal and we are confident that our wealth of experience within the multifamily housing market has equipped us with the expertise to both source and add value to a diversified portfolio.”
james.a.kenny@estatesgazette.com
