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Fannie Mae Finances Elandis’s Pine Creek Multifamily Community In Houston, Texas, With $11m Property Loan

HOUSTON - Oct. 03, 2017

Elandis announced today the financing of Pine Creek, the firm’s 300-unit, two-story multi-family community located in Houston. The development’s lending facility of $11.15 million is with US government-sponsored enterprise, Fannie Mae on a seven-year term. Fannie Mae is a leading source of financing for mortgage lenders nationwide and this deal follows the successful repositioning of this asset by Elandis in only 17 months with consequent value enhancement.

The Elandis Houston portfolio of owned or managed properties comprises four multi-family rental communities of one-, two-, and three-bedroom units within the Greater Houston area including:

• Pine Creek: 470 Maxey Road – 300 Units

• Kirkwood Landing: 9850 S. Kirkwood Road – 264 Units

• The Forest: 22820 Imperial Valley Drive – 192 Units

• Valencia at Spring Branch: 9550 Long Point Road – 228 Units

With a proven track record in the real estate ownership, development and property management industry, Elandis continues to seek out strategic opportunities to acquire, renovate and ultimately enhance multi-family properties, thereby raising the quality of living for the communities and residents they serve. The demand for workforce housing continues to increase in the U.S., especially in the Sun Belt states which are experiencing favorable job growth and increasing urbanization.

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Elandis is thrilled to announce its recent property acquisition in Birmingham, Alabama
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Miami, May 2023 –Elandis is thrilled to announce its recent property acquisition in Birmingham, Alabama This latest addition to our portfolio marks our fourth property in the beautiful “Yellowhammer” State

The property, Crestwood Green, is a stunning 270-unit

Elandis Adds Third Multifamily Housing Community in Alabama, Expanding Portfolio to Nearly 4,000 Units
Alabama - September 2022

Miami, Sept 2022 –Elandis today announced the acquisition of a third multifamily community in Alabama Hills At Hoover, a 320-unit community located at 3627 Cedarbrook Dr, is located in the Birmingham-Hoover metropolitan area The acquisition was financed by Truist
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Elandis Enters Alabama With Acquisition of Two Multifamily Communities
Alabama - July 2022

MIAMI, Jul 2022 –Elandis, a real estate ownership and property management company, today announced that it has acquired two distinctive multifamily communities in Alabama The communities, located in Birmingham, include:

• Ascot Place: Located at 544 Gadsden Hwy, Birmingham, AL –

Elandis Acquires Six Multifamily Communities in Florida
Miami - December 2021

MIAMI, Dec 2021 –Elandis, a real estate ownership and property management company, today announced that it has acquired six separate multifamily communities in Florida The communities, located in Orlando and Daytona Beach, include:

– Millennium: Located at 4255 Barwood Drive,

Elandis Acquires 569-unit Multifamily Communities in Houston
Houston - November 2021

HOUSTON, Nov 2021 –Elandis, a real estate ownership and property management company, today announced that it has acquired Hudson & Crosby at Westchase, two multifamily communities with a combined 569 residential units in Houston
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Elandis Acquires 260-unit Multifamily Community in Houston
Houston - 22 March 2021

HOUSTON, 22 March 2021 –Elandis, a real estate ownership and property management company, announces it has acquired Waters at Westchase, a 260-unit multifamily community in Houston
The acquisition is part of a transformative Elandis joint venture, between London-based M&G Investments