S2 Capital Restructures $1.2B in Loans on 26 Apartment Communities, Clearing Path for Continuation Fund

Dallas syndicator S2 Capital has reworked roughly $1.2 billion in debt across 26 apartment communities and called off foreclosure on 12 of them, a lifeline that also funds the first close of a continuation vehicle buying those properties out of funds whose investors were wiped out earlier this year.