Lloyd Jones partners with ST Real Estate Holding Inc. to acquire First Apartments, a 194-unit, mid-rise multifamily community in East Little Havana.
MIAMI, July 6, 2022 /PRNewswire-PRWeb/ -- Lloyd Jones, a real estate investment firm headquartered in Miami, Florida, has announced the acquisition of First Apartments, a 194-unit, mid-rise multifamily community in East Little Havana. The property is situated less than one mile from the vibrant neighborhoods of downtown Miami and Brickell. This marks the firm's sixth acquisition announced this year. First Apartments will be rebranded and renamed The Vibe.
For the third time this year, Lloyd Jones has partnered with ST Real Estate Holding Inc. (STRE), under the direction of Vice Chairman Patrick Lardi, to close the transaction. Back in April, the partnership acquired AVIVA Maybelle Carter in Madison, Tennessee. In June, the joint venture announced a second transaction with the acquisition of AVIVA Fort Worth in Fort Worth, Texas.
Completed in 2021, the First Apartments community was built with great attention to detail and a focus on smart home design. The property features spacious, modern apartment homes with in-unit finishes that include porcelain tile flooring, Wi-Fi enabled smart washer and dryer, and oversized terraces. These sleek furnishings are complemented by an array of premium amenities such as a resort-style pool, expansive dog park and pet wash station, remote workspaces with tech tables, and EV car charging ports.
"The immediate area surrounding the property has benefited from a surge in rental demand and is forecasted for continued growth," says Ashley Socarras, senior vice president of acquisitions at Lloyd Jones. "We are excited to add The Vibe to our portfolio. This is a beautiful property, five minutes from the epicenter of Miami's employment, retail, and entertainment activity. And, of course, its close proximity to the Lloyd Jones headquarters is especially appealing."
The Lloyd Jones team continues to seek investment opportunities in the multifamily and senior housing space nationwide, with a primary focus on the Sun Belt regions.
About Lloyd Jones LLC
Lloyd Jones LLC is a real estate investment firm with 40 years in the industry under the continuous direction of Chairman/CEO, Christopher Finlay. Based in Miami, the firm specializes in multifamily and senior housing investment, development, and management. Investment partners include private and institutional investors and family offices around the world. To learn more about Lloyd Jones, visit http://www.lloydjonesllc.com.
About ST Real Estate Holding Inc. (STRE)
ST Real Estate Holding Inc. (STRE) is a real estate investment firm launched in the 1960s by pioneer Dr. Tito Tettamanti, STRE Honorary Chairman. With a focus on Switzerland and Canada, STRE has expanded its investments in the United States, Hong Kong, China, and Australia, building a historical portfolio of more than 1.5 billion USD. Att. Massimo Pedrazzini and Mr. Patrick Lardi have grown the residential U.S. and commercial Australian portfolio, valued at more than 720 million USD, over the last decade. With an experienced team and support from the Fidinam Group, STRE is able to generate long-term returns and promptly respond to changing market conditions. STRE is the real estate investment division of ST Group Holding. Learn more at:https://stre.biz/
Media Contact
Janalyn Oronos, Lloyd Jones LLC, 1 7866837076, [email protected]
SOURCE Lloyd Jones LLC
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