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Strata Equity Group Acquires 837-Unit Southeastern Apt Portfolio, Secures $56.9M in Financing (Update)

CBRE Arranges Acquisition Loan for 1.23 Million-SF Multifamily Portfolio in the Carolinas, Kentucky
By Carlos Likins
CoStar News
February 6, 2018 | 5:47 P.M.

The Strata Equity Group, a real estate investment company based out of San Diego, purchased three apartment communities in the Carolinas and Kentucky by securing a $56.9 million loan for the acquisition, strengthening its East Coast multifamily portfolio. Covenant Capital Group sold the 837-unit portfolio to the investor for an undisclosed price.

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