March 27, 2023

Townhomes on Peacock Hill Sold

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the sale of an Atlantic Creek affiliate’s interest in Townhomes on Peacock Hill, formerly known as Sunswept Townhomes, (“Peacock” or the “Property”) on March 27, 2023. An affiliate of Atlantic Creek and its joint venture partner (the “JV”) acquired the Property in March 2020. Peacock is comprised of a 211-unit, class B-, garden/townhome-style, multi-family apartment community consisting of 32, one and two-story buildings.

The Property is conveniently located in an area that provides immediate access to Texas’s most prominent thoroughfares and economic/employment sectors including: i) U.S. Route 90 Alternate (approximately 1.5-miles south of the Property) which is an interstate running east-west that feeds into the Houston Central Business District, and ii) Sam Houston Tollway (approximately 2.5-miles southwest of the Property) which is a toll-road that circles the perimeter of the Houston MSA. In addition, the Property is located within 25 minutes (approximately 20-miles west) of the William P. Hobby Airport (“HOU”), one of Houston’s major commercial airports serving more than 14 million passengers annually.

Atlantic Creek has offices in New York, NY and Palm Beach, FL and targets direct and joint venture investments in opportunistic and value add multi-family, office, and other property types primarily located on the East and West Coasts of the U.S., Texas, and other select U.S. markets.

For further information on new acquisitions and joint venture opportunities, please contact Jon Trucano, Senior Vice President, at (561) 275-7702.