Starwood Real Estate Income Trust Acquires Florida Multifamily Portfolio For $184.5M

The Florida Multifamily Portfolio, located in Osceola, Lake, Orange, and Alachua, has been sold in a recent transaction. The asset, consisting of 1,385 units, was purchased by Starwood Real Estate Income Trust. The seller, Davis Companies, successfully closed the deal, with the sale price amounting to $184,570,000. This translates to an average price per unit of $133,264.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $184,570,000
• Number of Units: 1,385
• Price Per Unit: $133,264

Starwood Real Estate Income Trust emerged as the buyer in this transaction, while Davis Companies acted as the seller. The sale of the Florida Multifamily Portfolio signifies a significant investment in the thriving real estate market of Osceola, Lake, Orange, and Alachua. Both parties involved in this deal have successfully navigated the complexities of the transaction, resulting in a mutually beneficial agreement.