MIAMI, FL – GVA Management and Leste Group's real estate investment advisor, Leste Real Estate US have acquired a class B multifamily portfolio for $380 million.
The 1,670-unit residential portfolio encompasses five communities in Texas, Tennessee and South Carolina. The acquisition offers strong in-place cash flow and quarterly distributions to equity investors.
The partners have allocated $17 million for value-add renovations across the communities. GVA will manage the portfolio and oversee the value-add improvements.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
