Hamilton Point Investments LLC sold an 11-property multifamily portfolio for $278 million, Real Estate Weekly reported.
According to the report, an investment firm purchased two of the properties in Atlanta, and a publicly traded real estate investment trust bought the remaining nine assets, which are spread across five states.
The transaction results in the liquidation of Hamilton Point's $205 million HPI Real Estate Opportunity Fund III and yielded an 18.23% internal rate of return.
