$2.1 billion sale of apartment communities includes Florida properties

  • By Louis Llovio
  • | 3:00 p.m. June 26, 2024
  • | 0 Free Articles Remaining!
Hoar Construction, which is building Cordelia, a development at the Quay in Sarasota, says that a growing workload in the Tampa and Sarasota markets requires it have a local office.
Hoar Construction, which is building Cordelia, a development at the Quay in Sarasota, says that a growing workload in the Tampa and Sarasota markets requires it have a local office.
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KKR, a global investment firm, has bought more than 5,00 apartment units across the U.S., including some in Florida.

The firm paid $2.1 billion for the portfolio from Quarterra Multifamily, which is made up of 18 properties in Florida, California, Washington, Texas, Georgia and North Carolina.

It announced the purchase late Tuesday.

 

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