Altus Equity Group Acquires Multifamily Portfolio in Lubbock Texas Reinforcing Cash Flow Focus
Altus Equity Group has completed the acquisition of a 279-unit multifamily portfolio in Lubbock, Texas, marking another active deployment of capital amid ongoing uncertainty across real estate capital markets. The off-market purchase reinforces the firm’s focus on cash-flowing assets with strong in-place performance and financing structures designed to provide flexibility across market cycles.
“This acquisition is consistent with how we approach investing—prioritizing durable operations, downside protection, and the ability to adapt as market conditions evolve,” said Andy Eicher, Senior Vice President of Investments at Altus Equity Group.
The portfolio comprises two adjacent communities, Bentwood Apartments and Bend at Bentwood Apartments, located along Loop 289 near major retail and employment centers. At closing the properties were approximately 99 percent occupied and financed with long-term, fixed-rate assumable debt. Altus has indicated no renovation program is planned.
This transaction capped an active 2025 for Altus. During the year the firm acquired eight multifamily properties across West Texas, entered small-bay industrial with a 160,000-square-foot acquisition in the Dallas–Fort Worth metro area, and launched the Altus Secured Income Fund. Altus expects to continue acquisition activity and to further expand its investment platform in 2026.
For multifamily operators and investors, the acquisition highlights several practical priorities: targeting stabilized, high-occupancy communities; securing financing that mitigates interest-rate exposure; and executing off-market deals that align pricing, operations, and capital structure. Those factors remain central to maintaining cash flow and operational resilience as capital markets evolve.
Multifamily Leadership will continue to track how firms like Altus deploy disciplined underwriting and financing strategies across varying property types and geographies. Understanding how these elements come together offers actionable insight for operators, investors, and service providers focused on long-term performance and community outcomes.