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Topaz Capital Purchases Aging Florida Apartment Complex It Plans To Renovate

Company Seeks to Reposition Melbourne Property as Part of Strategy To Navigate Difficult Market
The Park at Via Terrossa will receive a fresh coat of paint along with other improvements to bolster the attractiveness of the four-decade-old property in Melbourne, Florida. (CoStar)
The Park at Via Terrossa will receive a fresh coat of paint along with other improvements to bolster the attractiveness of the four-decade-old property in Melbourne, Florida. (CoStar)
CoStar News
April 2, 2024 | 8:13 P.M.

Topaz Capital Group has purchased a nearly 40-year-old multifamily property in Melbourne, Florida, and plans to renovate the complex as it looks for investment opportunities to help it navigate what it predicts will be a difficult year.

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