Stoneweg US's portfolio tops $1 billion

St. Petersburg-based apartment investor focused on workforce housing maintains ambitious plan to grow

  • By Kevin McQuaid
  • | 6:00 a.m. April 3, 2020
  • | 0 Free Articles Remaining!
COURTESY PHOTO — Stoneweg US' acquisition of the Summerlyn Apartments in Raleigh, N.C. brought the value of its portfolio to over $1 billion in February.
COURTESY PHOTO — Stoneweg US' acquisition of the Summerlyn Apartments in Raleigh, N.C. brought the value of its portfolio to over $1 billion in February.
  • Commercial Real Estate
  • Share

The portfolio of Stoneweg US LLC, a St. Petersburg-based affiliate of a Swiss investment firm that buys and develops workforce-targeted multifamily rental properties, has surpassed $1 billion in assets.

The four-year-old Stoneweg US hit the ten-figure mark in late February, with a pair of acquisitions in the Southwest and in Raleigh, N.C., that together added 328 units.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news
Subscribe

Already subscribed? Sign in.

Latest News

  • December 13, 2025
Report: Small business optimism up, but worries percolate
  • December 12, 2025
CEO of Bradenton EDC announces retirement
  • December 12, 2025
Manatee County to break ground on $40M veterans complex
  • December 12, 2025
Moez Limayem confirmed as USF’s new president

Sponsored Content