Savannah Multifamily Changes Ownership for $29M

Source:  CONNECTCRE.COM 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 […]

The Importance, Limitations And Concept Of ‘Quality’ Of IRR

Source:  FORBES By:  Daniel Kattan – Forbes Councils Member As a real estate private equity firm operating in the multifamily acquisition space, my company receives an abundance of feedback and questions regarding our predictive financial modeling. One of the most prevalent questions is regarding the returns. We are often told by investors that they “see opportunities with a […]