MIAMI, FL – The real estate investment advisor of the global independent alternative investment manager Leste Group, Leste Real Estate US completed robust multifamily investment activity in 2021, including the completion of $500 million in transactions in late 2021.
The firm successfully exited two recently-developed, class A multifamily projects, totaling 623 units in Tampa Bay, FL and Charlotte, NC. The two properties sold for a combined $210 million and generated attractive returns on Leste Real Estate's investment. The firm completed the two exits while continuing to deploy capital into income-generating assets throughout the Sunbelt.
The company also completed $300 million in new multifamily investment activity by acquiring more than 1,250 units of value-add, institutional-quality multifamily properties in the second half of 2021. The acquired properties have strong in-place cashflow and potential for value-add renovations and rising rents in rapidly growing cities.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
