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Denver Apartment REIT Sells New England Portfolio, Buying More in Sun Belt

Properties Fetch $500 Million as Firm Plans to Close on Miami Deal Next Year
Apartment Income REIT has Southgate Towers under contract, paying for it with proceeds from the sale of its New England portfolio. (CoStar)
Apartment Income REIT has Southgate Towers under contract, paying for it with proceeds from the sale of its New England portfolio. (CoStar)
CoStar News
November 23, 2022 | 1:58 AM

A Denver real estate investment trust said it snagged $500 million for a New England apartment portfolio as part of a reinvestment strategy that includes buying an apartment property in Miami.

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