Major-CRE-Investor-Set-to-Exit-Hot-Southeast-Multifamily-Market/198319

AVR Realty’s latest apartment offering is a massive portfolio including the SkyHouse Channelside in Tampa.

Major-CRE-Investor-Set-to-Exit-Hot-Southeast-Multifamily-Market/198319A big apartment owner with a number of multifamily holdings throughout the Southeast is exiting the region’s hot rental market with the listing of its latest portfolio.

AVR Realty, a national real estate investment and development firm based in Yonkers, NY, is shopping a 13-property, 3,760-unit portfolio of rentals in North and South Carolina, Georgia and Florida. Cushman & Wakefield is marketing the package, which is estimated to attract bids of about $850 million, or an average of $226,000 per unit.

The properties represent the last of AVR’s holdings of existing apartments in the Southeast region.

What’s more, in somewhat of a contrarian play, AVR isn’t planning to plow the proceeds of the sale into new apartment acquisitions in the region, but instead plans to target hotels and other asset classes that comprise its diverse portfolio.


A big apartment owner with a number of multifamily holdings throughout the Southeast is exiting the region’s hot rental market with the listing of its latest portfolio.

AVR Realty, a national real estate investment and development firm based in Yonkers, NY, is shopping a 13-property, 3,760-unit portfolio of rentals in North and South Carolina, Georgia and Florida. Cushman & Wakefield is marketing the package, which is estimated to attract bids of about $850 million, or an average of $226,000 per unit.

The properties represent the last of AVR’s holdings of existing apartments in the Southeast region.

What’s more, in somewhat of a contrarian play, AVR isn’t planning to plow the proceeds of the sale into new apartment acquisitions in the region, but instead plans to target hotels and other asset classes that comprise its diverse portfolio.

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