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 […]

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 […]

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 […]

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 […]

PIA Residential Snags Jacksonville Apartment Property for $33M

November 29, 2020 Miami-based private equity real estate firm PIA Residential and BH Equities have acquired St. John’s Pointe Apartments, a 284-unit rental community in Jacksonville’s Orange Park submarket. The sales price was $33.4 million. Located at 114 Old Orange Park Road, the garden-style apartment complex is nearby downtown Jacksonville and was built between 1968 […]

St. John’s Pointe Apartments sold for $33.4 million

The 284-unit community was built between 1968 and 1974. by: Katie Garwood Staff Writer Miami-based PIA Residential announced Nov. 17 it acquired St. John’s Pointe Apartments in Orange Park for $33.4 million. PIA Residential and Des Moines-based BH Equities closed on the 284-unit community at 114 Old Orange Park Road on Oct. 30. The seller was Tampa-based […]

Baires Team is testing the new look for the news section.

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 […]