CATAMOUNT CAPITAL, LLC. COMPLETES SALE OF MULTIFAMILY PROPERTY IN ST. LOUIS, MISSOURI

Sep 16, 2015

Catamount leverages principals’ expertise to realize 162% profit for limited partners.

DALLAS (September 16, 2015) – Catamount Capital, LLC. (“Catamount”), a Dallas-based private investment firm, announced today the sale of a multifamily property located in St. Louis, Missouri’s high-profile Central West End area. The high-rise development, Hampden Hall Apartments, located at 4404 McPherson Ave., was purchased by Catamount in December 2010.

“We are pleased with the successful outcome of this transaction,” said Greg Mattlage, President of Catamount. “Although the property had a stabilized tenant base when purchased in 2010, our market analysis indicated that minor value-added improvements would support higher rents. By partnering with a proven property manager like Cohen-Esrey, we were able to successfully execute our strategy and generate opportunistic returns for our limited partners.”

A St. Louis, Missouri apartment operator purchased the asset in June 2015. Catamount realized a 36 percent average annual return, a 27 percent internal rate of return, and a 162 percent total return on equity over a 4.5 year hold.

“Hampden Hall Apartments represents our methodology ideally executed,” said Mattlage. “We diligently researched the opportunity, adhered to our discipline of seeking investments that are under-valued and demonstrate unique risk/return characteristics, and made a strategic decision to sell at an above market return.”

Media Contact:
Courtney Goldberg
214.808.3603
cgoldberg@imagearb.com

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