Transactions funded in connection with the initial closing of S2’s continuation vehicle
DALLAS, Oct. 13, 2026 /PRNewswire/ — S2 Capital (“S2”), a national vertically integrated real estate investment manager, today announced it has completed a series of loan modifications and refinancings across 26 multifamily assets representing approximately $1.2 billion of loan balance. The transactions cover 8,223 units across seven markets. Of the 26 communities, 12 were subject to foreclosure proceedings that have been terminated in connection with the modifications. The transactions provide extended maturity dates, revised pricing, and resolve existing defaults and near-term maturities, allowing S2 to focus on maximizing operating performance across its portfolio.
The transactions include a modification of the loan secured by a 531-unit community in North Dallas. The modification waives existing defaults, including a maturity default, terminates a pending foreclosure posting, and extends the stated maturity date to July 2031, subject to earlier repayment. It was completed in consideration of a principal paydown and payment of accrued amounts. In connection with the modification, the parties agreed to dismiss related litigation involving the guarantor.
“This took six months and a lot of work from our lenders and our team, and I’m grateful for both,” said Scott Everett, CEO of S2 Capital. ” In our view, the pressure on multifamily in this cycle has come mainly from a historically high level of new supply, not from weaker renter demand, and we are seeing new deliveries in our markets begin to decline. We believe these modifications give the assets a capital structure better suited to the timeline we anticipate for recovery. Our focus now is on execution: occupancy, resident experience, and disciplined operations.”
About S2 Capital
Founded in 2012, S2 Capital is a Dallas-based real estate investment manager specializing in residential and industrial assets across opportunistic, value-add, credit, and core-plus strategies. S2 has transacted over $13 billion in total capitalization since its inception and maintains a fully integrated platform encompassing acquisitions, development, capital formation, construction, asset management, and property management. S2 is committed to investing in communities and creating long-term value through every stage of the real estate lifecycle. For more information, visit www.s2cp.com.
Media Contact
media@s2cp.com
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SOURCE S2 Capital LLC
