/

|

Boardwalk Wealth, a leading multifamily investment firm, today announced that the company has acquired a portfolio of five multifamily properties directly from a premier multifamily lender, for $48.9 million at loan value with an entry cap rate of 6.9%.

The portfolio consists of over 670 units concentrated in growing Sunbelt and Midwest markets including Augusta, GA, Jacksonville, FL, Little Rock, AR, and Kansas City, KS. The value-add portfolio is a mix of garden-style communities featuring convenient access to modern amenities with minimal deferred maintenance.