TPEG funds acquisition of 638 multifamily units in Arlington
TPEG partnered with S2 Capital, LLC for the purpose of acquiring and renovating two garden-style multifamily communities in Arlington, Texas. Amp at The Grid was built in 1974 and consists of 446 units, and Current at The Grid was finished in 1978 and has 192 units. They are "sister properties", adjacent to one another. TPEG provided $14.88 million in preferred equity and mezzanine capital.