Stoneweg US kicks off 2021 with deals and key hire

St. Petersburg-based apartment investor buys Indiana properties to expand portfolio and adds development-focused executive


  • By
  • | 6:00 a.m. February 26, 2021
  • | 0 Free Articles Remaining!
COURTESY PHOTO — Mark Rios joins Stoneweg US as development manager, a newly created position, from Tampa-based Metropolitan Ministries.
COURTESY PHOTO — Mark Rios joins Stoneweg US as development manager, a newly created position, from Tampa-based Metropolitan Ministries.
  • Commercial Real Estate
  • Share

Stoneweg US has kicked off the new year with a flurry of apartment acquisitions in Indianapolis, a market it says is still poised for further growth after five years of expansion.

The St. Petersburg-based multifamily rental company, whose portfolio is now valued in excess of $1 billion, also has made a key hire in its push to diversify into ground-up development.

 

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

Latest News

Sponsored Content