The company secured $35.5 million in acquisition financing for the 95-unit property.

The transaction aligns with the firm's strategy to focus on resort, luxury, lifestyle and destination-orientated assets, as well as its New York portfolio.

Kastle's weekly occupancy average sags to 40.5%, with declines in all 10 cities surveyed as inflation crimps RTO push.

Tampa, Phoenix and Las Vegas Redfin top list from Redfin as home affordability continues to stretch interested buyers.