Miami

KHP will continue to acquire hotels that can benefit from enhanced branding and management, renovation and reposition hotels in need of capital, and adaptive reuse of historic buildings.

Columbia Property Trust completed a significant repositioning of the campus in advance of the sale. Those efforts helped drive 460,000 square feet of leasing at the property since early 2017, replacing the original anchor tenant with no downtime and returning the full property to 100% leased.

Four markets in the State of Florida ranked among the top 15 in the nation for multifamily rent growth, the most of any state.

Built in 1973 and renovated in 2008, anchor tenants include a recently renovated ALDI, Ross Dress for Less, dd's DISCOUNTS and Big Lots.

Habitat Group broke ground on Smart Brickell Tower 1 on March 29 and expects delivery in the first quarter of 2021. Vanegas says the firm hopes to begin construction in the third quarter of this year on Smart Brickell Tower 2 and deliver that project sometime in 2021.

Windsor Commons at the time of purchase was 98.2% leased. Its tenant roster also includes Starbucks, Massage Green Spa, Great Expressions Dental, Peterbrooke Chocolatier, Tropical Smoothie Café and Hair Cuttery.