Scout Holdings Group Acquires Multi-Million Dollar Luxury Apartments

Scout Holdings Group is pleased to share the acquisition of the 28-unit apartment building, Solo Apartments in Oxford, Miss.

A European-inspired design with modern details, the Solo Apartments are the highest quality apartment building in the college town. Just two blocks from the historic town square, Solo gives residents the benefits of in-town living while remaining comfortable in luxury.

Scout Holdings Group’s CEO and founder, Jamie Carr underwrote and executed the deal. “This acquisition demonstrates our strengths: from jumping on opportunities and efficiently assembling finances to leading complicated negotiations and ensuring the best deal,” she said.

This unique building was designed by well-known local architect, Corey Alger. Sought after by tenants and investors alike, Solo gifts tenants with attractive views of the Oxford landscape, such as the University of Mississippi campus, the Lafayette County Courthouse clock tower and the eastern hills. Since being built, Solo has been fully rented out.

Carr intends to renovate units to build the property’s accretive value further. The gym, lobby and lighting are included in these improvements. Scout Holdings Group projects this to have a 30% increase in equity within the first 12 months after stabilizations.

“I was drawn to Solo Apartments because of the exceptional quality and look,” Carr said. “I knew it would be an exciting deal to carry through, and it was. It truly is the most elegant multi-family building in North Mississippi and probably beyond.”

Solo Apartment joins Scout Holding Group’s diverse property portfolio, which has seen significant growth over the last few years.