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Germany’s Union Investment Chooses Florida for Entry Into US Apartment Market

Firm Acquires Two-Building Complex in Fort Lauderdale for $227 Million

EON Squared in Fort Lauderdale, Florida, sold for $226.5 million. (CoStar)
EON Squared in Fort Lauderdale, Florida, sold for $226.5 million. (CoStar)

Germany-based Union Investment is now a player in the hot U.S. apartment market. The move comes amid an easing of restrictions related to the COVID-19 pandemic that has benefited foreign buyers seeking to expand their holdings.

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