Author: Dankat2017

PIA Group USA Completes Portfolio Transformation with Yardi Matrix

For Immediate Release PIA Group USA Completes Portfolio Transformation with Yardi Matrix Private equity real estate investor gains comprehensive property-level data for evaluating potential multifamily property acquisitions SANTA BARBARA, Calif., Nov. XX, 2018 – PIA Group USA has completed a decade-long transformation of its portfolio from single family homes to multifamily properties, relying on Yardi®…

PIA Group sells portfolio of South Florida rental homes for $47M

Property Investment Advisors Group just off-loaded a trove of single-family rental homes in Miami-Dade, Broward and Palm Beach counties for $47 million. The Miami-based private equity real estate investment firm sold roughly 200 homes to Cerberus Capital Management. The proceeds from the trade will go into the acquisition of additional multifamily assets throughout the southeastern…

Investment Debate Over Houses Versus Apartments Plays Out in Florida

A familiar decision facing many real estate investors across the country is playing out in South Florida: whether to bet the U.S. housing market is peaking and seek more stability in investments like large-scale apartment complexes. Convinced the multifamily market will generate strong returns indefinitely, a 10-year-old private equity investment firm is shedding its portfolio…

July 24, 2018 – Property Investment Advisors Group Sells Portfolio of 200 South Florida Single Family Homes for $47 Million

MIAMI – July 24, 2018 – Property Investment Advisors (PIA) Group, a Miami-based private equity real estate investment firm, has sold one of its portfolios of 200 single family homes in South Florida to Cerberus Capital Management of New York, for $47 million. PIA Group will deploy the proceeds toward the acquisition of additional institutional…

Cerberus buys 200 South Florida homes

New York-based Cerberus Capital Management has acquired a portfolio of 200 single-family homes in South Florida for $47 million. Miami-based Property Investment Advisors (PIA) Group had acquired the homes from 2010 through 2013 and operated them as rentals. About 40 percent of them were in Miami-Dade County, another 40 percent in Broward County, and the...

With Portfolio Sale, PIA Group Shifts Focus To MF

MIAMI—Property Investment Advisors Group of Miami has sold a portfolio of 200 single-family homes in South Florida to New York City-based Cerberus Capital Management in a deal valued at $47 million. The deal marks a shift in corporate purchasing strategy for the PIA Group from single-family to multifamily value-add opportunities. PIA Group officials say the...