PIA Fund Takes Aim At Apartment Bargains
PIA Residential, a longtime investor in multifamily buildings, is amassing a war chest to buy apartment properties at discounts it expects will emerge soon. The Miami-based shop is preparing to raise $100 million of equity from investors in Latin America for a fund known as PIA Residential Fund 1. The marketing campaign is expected to […]
Pia Residential Gazes at $27M Autumn View Buy in Fayetteville
Pia Residential has acquired Autumn View, a 177-unit class B value-add garden-style multifamily community in Fayetteville, NC for $27.1 million. The seller was 10 Federal of Raleigh, NC. The transaction was brokered for the seller by Alex McDermott with Charlotte-based Capstone Companies; financing was arranged by Newmark’s Brian Kochan. The 14.5-acre complex will be upgraded with $1.5 million […]
Savannah Multifamily Changes Ownership for $29M
Sterling Bluff, a 216-unit apartment community in Savannah, GA, has been acquired by PIA Residential of Miami, FL, for $29 million. PIA plans to invest $1.4 million into unit upgrades and improvements in recreational amenities and landscaping. The 11.3 acre, two-story complex on West Montgomery Cross Road is 99% occupied. Brian Kochan and John Westby-Gibson […]
The Multifamily Asset Class Is Quickly Becoming The ‘Belle Of The Ball’
Source: FORBES By: Daniel Kattan – Forbes Councils Member The sacred cow of real estate asset classes has consistently been core assets such as retail, office and Class A multifamily; however, workforce multifamily has historically been a vital performing asset, and I believe it is positioned to rise to the top. Office and retail have been dependable with lengthy […]
When A Cap Rate Is Not A Cap Rate
Source: FORBES By: Daniel Kattan – Forbes Councils Member Cap rates are more formally known as asset capitalization rates and are important for commercial real estate analysis. I’d like to shed a light on cap rates — and the way they are used and manipulated. Cap rates contain both positive and negative qualities, and while they can be […]
The Impact Of Technology On Real Estate
FORBES ARTICLE Managing Partner, Capital Markets at PIA Residential. Countless businesses and models have been disrupted by technology and the speed of these disruptions is growing exponentially. The current pandemic has exacerbated this phenomenon as each disruption usually happens slowly over time as people get more comfortable with the tech. New realities are forcing the workforce […]
Danny Kattan Accepted into Forbes Business Council (Real Estate Council)
Forbes Business Council Is an Invitation-Only Community for Successful Business Owners and Leaders NEWS PROVIDED BY: PIA Residential Miami, Dec. 10, 2020 – Danny Kattan Managing Partner, Capital Markets of PIA Residential, a South Florida-based full-service real estate private equity firm, has been accepted into the Forbes Business Council ( Real Estate Council), the foremost […]
PIA Residential and BH Equities Acquires 284-Unit St. John’s Pointe Condominium Group in Jacksonville Submarket for $33.four Million
JACKSONVILLE, FL – Miami-based PIA Residential and Des Moines, Iowa BH Equities have acquired St. Johns Pointe Apartments, a 284-unit rental community in the city’s Orange Park submarket, for $ 33.4 million from WRH Realty Services in Tampa acquired. The one and two story garden-style apartment complex is located at 114 Old Orange Park Road, […]
PIA Residential Snags Jacksonville Apartment Property for $33M
The 284-unit community was built 1968 and 1974 by: Katie Garwood Staff Writer Miami-based PIA Residential announced Nov. 17 it acquired St. John’s Pointe Apartments in Orange Park for $33.4 million. PIA Residential and Des Moines-based BH Equities closed on the 284-unit community at 114 Old Orange Park Road on Oct. 30. The seller was Tampa-based WRH […]
St. John’s Pointe Apartments sold for $33.4 million
The 284-unit community was built 1968 and 1974 by: Katie Garwood Staff Writer Miami-based PIA Residential announced Nov. 17 it acquired St. John’s Pointe Apartments in Orange Park for $33.4 million. PIA Residential and Des Moines-based BH Equities closed on the 284-unit community at 114 Old Orange Park Road on Oct. 30. The seller was Tampa-based WRH […]