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. […]