The Bahrain-based, Investcorp and Los Angeles-based, TruAmerica Multifamily have acquired a 98 million dollars joint venture in Florida.
The joint venture comprises of a 360 unit Montevista building at Windermere and a 348 unit luxury residence, the Highpoint Club.
It is worth mentioning that the two buildings will be entirely renovated as well as their fitness centres, clubhouses and greeneries.
Florida’s real estate market is considered one of the most active and competitive markets in the US.
Which is why TruAmerica Multifamily jumped to the opportunity along with Investcorp to own properties in such growing market.