Slate to Acquire Sunbelt Multi-Family Portfolio for US$226.5M
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AI Article Summary
Slate Asset Management has announced the acquisition of a six-property, 1,600-unit multi-family portfolio in Florida, Georgia, and Arizona for $226.5 million. This purchase aligns with Slate's strategy of investing in defensive assets with potential for long-term growth, especially in areas with strong demographics. The properties, mainly garden-style apartments, are strategically located near essential services. The acquisition is expected to close at the end of July, with King & Spalding serving as legal advisors.