Wednesday, March 29, 2023

QC Capital Group Prepares to Close on New Multifamily Real Estate Complex in Houston's Medical District

Last updated Friday, March 10, 2023 12:05 ET

Vancouver Canada · V6E 4A6, Canada, 03/10/2023 / SubmitMyPR /

Charlotte, North Carolina--(Newsfile Corp. - March 10, 2023) - QC Capital Group, a private equity investment firm based in the southeast United States, has announced its upcoming acquisition of a new 224-unit apartment complex in Houston's medical district. The firm has a history of targeted acquisitions of multifamily real estate properties and offers its clients the opportunity to partake in these ventures.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8668/157733_4c48da8ce45b6930_001.jpg
QC Capital Group
To view an enhanced version of this graphic, please visit:

The purchase of this particular property is key to QC Capital's current growth pattern, as this region of Houston offers multiple attractive benefits. The medical district is home to multiple renowned medical institutions, such as the Texas Medical Center, Memorial Hermann Hospital, and M.D. Anderson Cancer Center. Residents of this district have convenient access to medical care.

"One of the reasons we were interested in this property is that people are moving to this area to take advantage of these medical institutions," says QC Capital's CEO and founder, Chris Salerno. "In addition, the area has a growing job market, as the concentration of medical facilities offers numerous job opportunities for medical professionals, researchers, and support staff. And of course, they all need housing."

He adds that the team at QC Capital was interested in the area in the heart of Houston and had been looking for a viable property there. "We feel that this is a vibrant and diverse community with not just medical, but also educational facilities that will be attractive to clients," Salerno shares. "We are pleased to be making this opportunity available to interested clients and will be sharing more information via our website, newsletter, and our new weekly webinar series."

QC Capital has been offering these educational webinars every Thursday at 3:00 pm EST starting February 16, 2023. "We are discussing topics and insights pertaining to multifamily investing," says Salerno. "In preparation for these, we have also released an informational booklet, 'The Multi-family Real Estate Investing Booklet Part 1'. As the title implies, it's the first in a series that we're working on."

The new webinar and the informational booklet go in depth about the various benefits, potential pitfalls, and key strategies for interested parties to be aware of when considering the purchase of multifamily real estate. "We will be offering information regarding the new complex in Houston," Salerno says. "The spots for this opportunity are limited but we are pleased about the purchase."

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8668/157733_4c48da8ce45b6930_002.jpg
CEO Chris Salerno
To view an enhanced version of this graphic, please visit:

The new property is part of the over $200 million in commercial real estate assets that QC Capital has acquired since its inception in 2019. The firm specializes in the acquisition of institutional-quality multifamily assets, primarily in the southeastern part of the US. The team applied its experience and expertise in risk and return analysis to identifying and acquiring this asset.

"We put in a lot of time and effort to select this property, as we do with all properties we acquire," Salerno shares. "We have a two-fold strategy that prioritizes stability." He points to the firm's Core+ strategy, which focuses on acquiring newer and well-positioned stabilized assets, characterized by moderate leverage and a longer investment horizon; and its Value Add strategy, which targets undervalued assets in strategic locations that are often mis-managed. By using moderate levels of leverage, QC Capital aims to improve the efficiency of these properties through a combination of interior and exterior renovations and management restructuring.

QC Capital Group is a private equity investment firm that specializes in the acquisition of institutional-quality multifamily assets in the southeast United States. The company was founded by Chris Salerno, a real estate entrepreneur and investment manager. The firm's goal is to identify and acquire top-performing assets and unlock additional value through focused asset management.

Website: https://www.qccapitalgroup.com/

Contact: Chris Salerno at [email protected]

Facebook: https://www.facebook.com/qccapitalgroup/

Instagram: https://www.instagram.com/qc_capital/?hl=en

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/157733

Original Source of the original story >> QC Capital Group Prepares to Close on New Multifamily Real Estate Complex in Houston's Medical District