Property Investment Advisors Group Sells Portfolio of 200 South Florida Single Family Homes for $47 Million
MIAMI – July 24, 2018 – Property Investment Advisors (PIA) Group, a Miami-based private equity real estate investment firm, has sold one of its portfolios of 200 single family homes in South Florida to Cerberus Capital Management of New York, for $47 million. PIA Group will deploy the proceeds toward the acquisition of additional institutional size […]
With $47M Portfolio Sale, PIA Group Shifts Focus to Multifamily
In a deal valued at $47 million, Property Investment Advisors (PIA) Group of Miami has sold a portfolio of 200 single-family homes in South Florida to New York City–based Cerberus Capital Management, reports John Jordan for Globe Street. The transaction signals a change in PIA’s corporate acquisitions strategy from single-family product to multifamily value-add assets. […]