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

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 […]

PIA Residential Acquires 224-Unit Crystal Lake Apartments in Pensacola, Florida for $26.3 Million

PIA Residential Acquires 224-Unit Crystal Lake Apartments in Pensacola, Florida for $26.3 Million PENSACOLA, FL – In its first acquisition since transitioning from single-family rental homes to institutional multifamily apartments, PIA Residential of Miami has acquired Crystal Lake, Apartments, a 224-unit value-add community in Pensacola, FL for $26.3 million. The 24-acre Class B rental community at […]