Pia Residential

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 […]