With acquisitions, property investment firm’s portfolio grows to $900 million

St. Petersburg-based Stoneweg US buys apartment buildings in Memphis and Kansas City.

By Business Observer Staff
| 10:45 a.m. August 15, 2019
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Lynnfield Place Apartments in Memphis. Courtesy photo.

Tampa Bay-Lakeland

ST. PETERSBURG — Stoneweg US, a real estate investment firm specializing in multifamily acquisitions and developments, has acquired Memphis-based Lynnfield Place Apartments and Kansas City-based Maple Hills Apartments.

According to a press release, the acquisitions expand the St. Petersburg-based firm’s portfolio to 59 properties and 11,000 units with a total value of $900 million.