We’re excited to share some truly remarkable news with all of you. MBP Capital Partners has achieved a significant milestone that marks a new chapter in our journey of growth and excellence. Say hello to MBP’s newest acquisition, Hidden Village – a magnificent, 75-unit single-family build-to-rent community nestled in the charming town of Cleburne, Texas. This picturesque gem is a thriving suburb, located just a stone’s throw away from the bustling Dallas/Fort Worth metropolitan area.
Our heartfelt gratitude goes out to our esteemed partners, Cushman and Wakefield, who will be taking on the vital role of overseeing the day-to-day property management operations. Simultaneously, MBP Capital will step into the role of asset manager, ensuring that Hidden Village continues to flourish under our vigilant care.
This achievement stands as a testament to the dedication and hard work of each and every individual involved in making Hidden Village a reality. It’s important to note that this accomplishment wasn’t just about acquiring property; it was a complex and multifaceted effort. MBP Capital managed to raise an impressive $10.1 million in common equity, accommodating two separate 1031 exchanges, highlighting the intricate financial intricacies that were expertly navigated to make this acquisition possible.
To all those who played a role, whether big or small, we extend our heartfelt appreciation. This achievement wouldn’t have been possible without your dedication and commitment to excellence.
As we officially welcome the residents of Hidden Village into the ever-growing MBP Capital family, we’re reminded of the incredible journey that lies ahead. This acquisition not only expands our portfolio but also represents a commitment to creating thriving communities and fostering growth.
Hidden Village is more than just a property; it’s a place where families will create memories, where individuals will find comfort and belonging, and where the community will flourish. It’s a testament to our vision of investing not only in properties but in the lives and futures of the people who call these properties home.
Stay tuned as we continue to share updates on our journey with Hidden Village and the exciting developments that lie ahead. We’re thrilled to have you alongside us as we embark on this new adventure in the vibrant landscape of Cleburne, Texas.
Thank you for your continued support and trust in MBP Capital Partners.