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Posted on: Jan. 10, 2018, 5:31 p.m.
Starwood Property Trust snapped up a rental complex in Homestead as part of a $600 million acquisition of affordable housing units in Florida, property records show. The Greenwich, Connecticut-based investment firm paid $34.35 million for the Homestead Colony, a 312-unit development at 800 East Mowry Drive. Starwood affiliate SPT Dolphin Homestead Colony paid about $110,100 per apartment. The seller, Homestead Colony Limited Partnership, is tied to Riverstone Residential Group, which Greystar acquired in 2015. Homestead ... [more] Full investment news article