U.S.-based BSR Real Estate Investment Trust (BSR REIT) revealed that it has closed on the acquisition of Satori at Long Meadow Apartments in Richmond, Texas and Auberry at Twin Creeks in Allen, Texas.

With a total investment of $92.8 million, BSR REIT bought Satori, a Class A garden-style community consisting of 300 one, two and three-bedroom apartment units on 20.7 acres built in 2019.

Additionally, the firm also purchased Auberry, a Class B garden-style community consisting of 216 one, two, and three-bedroom apartment units on 12.6 acres constructed in 2005.

BSR REIT expects the addition of the properties to be immediately accretive to its adjusted funds from operations on a per-unit basis.