Hulic, Kenedix and Rockport Equity Acquire Multifamily Asset in Dallas

Hulic Co., Ltd. announced on Sept. 11 that it has jointly acquired a multifamily property in Dallas, Texas, together with Rockport Equity and Kenedix, Inc.

The property is located in downtown Dallas, close to a major office district with a strong employment base. Hulic has been actively pursuing overseas investments in the U.S. and Asia, and following the acquisition, the company plans a value-add renovation strategy aimed at enhancing the property’s appeal and boosting both rental income and occupancy rates.

Key Facts

• Buyer: Hulic Co., Ltd. / Kenedix, Inc. / Rockport Equity

• Seller: Not disclosed

• Transaction Price: Not disclosed

• Location: Dallas, Texas, United States