With Portfolio Sale, PIA Group Shifts Focus To MF

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 […]

Cerberus buys 200 South Florida homes

New York-based Cerberus Capital Management has acquired a portfolio of 200 single-family homes in South Florida for $47 million. Miami-based Property Investment Advisors (PIA) Group had acquired the homes from 2010 through 2013 and operated them as rentals. About 40 percent of them were in Miami-Dade County, another 40 percent in Broward County, and the […]

With $47M Portfolio Sale, PIA Group Shifts Focus to Multifamily

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 […]