HomeUnion Acquires Four Multifamily Assets on Behalf of Investors in 1Q

4/24/17

Located in major investment markets, the properties have a combined 125 apartment units

HomeUnion, an online real estate investment management firm, has represented buyers in their acquisitions of four apartment buildings nationwide with a combined 125 units. “Unlike traditional multifamily brokerage firms, HomeUnion is an end-to-end real estate investment and management solution that enables hands-free investing,” explains Don Ganguly, CEO of HomeUnion.

“Buyers can acquire properties remotely using HomeUnion’s exclusive platform, which provides them with all the due diligence and financial information they need before the closing. During the ownership cycle, we also make sure that our clients receive detailed information on the monthly performance of their asset, while ensuring that their properties are professionally managed and maintained. The platform also also gives investors the option of re-listing the asset on HomeUnion.com when the time is right.”


Clearwater, Fla. – 46 UnitsThe largest transaction in the first quarter was a 46-unit garden apartment complex in Clearwater, Fla., encompassing 28,060 square feet sold for $3.58 million. HomeUnion represented the buyer in this transaction. With a mix of eight two-bedroom units and 38 one-bedroom units, the fully occupied complex benefits from an excellent location only minutes from Gulf Coast beaches and downtown Clearwater.

Indianapolis – 38 Units

A 38-unit apartment building on the north side of Indianapolis, traded for $1,825,000. The buyer of the 43,054-square foot building was represented by HomeUnion. The property consists of all two-bedroom units, located only three miles from Broad Ripple, one of the most popular cultural districts in Indianapolis.

Dallas – 26 Units

In Dallas, the 19,098-squaree foot Old East Caroll multifamily property was listed for $2.5 million. HomeUnion acquired the fully renovated asset on behalf of a private investor in an all-cash transaction. Boutique investment properties with high-end finishes rarely come to market in the popular Old East section of Dallas, according to HomeUnion Research Services. On average, the submarket’s occupancy rate is above 94 percent and rent growth has been strong in the Metroplex, which remains one of the best markets for investing in multifamily assets.

Raleigh, N.C. – 15 Units

A 15-unit apartment building developed in 1964 traded for $835,000 in Raleigh, N.C. in a deal that HomeUnion assisted in closing. The fully occupied, 15,029-square foot apartment complex benefits from an excellent location and upside on in-place rents, according to HomeUnion Research Services. The asset is located inside the Interstate 440 Beltline, two miles from downtown Raleigh and a variety of major regional employers.

About HomeUnion

HomeUnion is an online real estate investment management firm. Based in Irvine, Calif., it provides all the services needed for individuals to invest remotely in rental properties. The company uses a combination of research and proprietary analytics to incorporate data on over 110 million homes and 200,000 neighborhoods into their database, and then delivers its solutions to an on-the-ground infrastructure that currently serves 18 locations. HomeUnion’s role spans the lifecycle of the investment transaction: identifying sound investments, handling all aspects of acquisition, maximizing income, protecting asset value, and selling the asset when the time comes.

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