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 By Danny Kattan, 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 […]
Why a Miami Apartment Investor Took a Year to Make First Deal
PIA Residential Plans to Buy 10,000 Units in Next Decade Crystal Lake Apartments’ Miami-based owner plans renovations at the 22-year-old complex in Pensacola, Florida. (CoStar) A year after it transitioned its investment strategy from single-family homes to apartments, a Miami-based firm has made its first acquisition. PIA Residential bought the Crystal Lake Apartments in the […]
Home-Rental Firm Seeks Apartments
A firm that built its business buying distressed single-family houses and turning them into rentals is now switching strategies and pursuing traditional multi-family properties. PIA Residential is the new name of a Miami shop that jumped into the South Florida housing market during the downturn a decade ago, snatching up hundreds of foreclosed homes at […]
Senior Financial Analyst – Multifamily Investments
Senior Financial Analyst – Multifamily Investments Location: Miami, Florida PIA Residential is a private equity real estate investment firm specializing in the acquisition, renovation, and management of Institutional Multifamily properties across the Southeast. Originally formed in 2009 to capitalize on the opportunity of acquiring large numbers of Single Family Homes, PIA currently owns and manages […]
With Portfolio Sale, PIA Group Shifts Focus To MF
MIAMI—Property Investment Advisors Group of Miami has sold a portfolio of 200 single-family homes in South Florida to New York City-based Cerberus Capital Management in a deal valued at $47 million. The deal marks a shift in corporate purchasing strategy for the PIA Group from single-family to multifamily value-add opportunities. PIA Group officials say the […]