Off-market purchase of a newly delivered core plus product at a discount to replacement costs.
Capitalized with one of the largest institutional asset managers in the world, who valued PinPoint’s guidance to deliver and execute on large off-market core-plus deals.
Located in the heart of Houston’s energy corridor and delivered during a period of low oil prices and excess apartment supply, PinPoint gained control of this project prior to several major energy companies announcing office relocations into the submarket.