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Big Florida Affordable Housing Owner Considers Buyout Offer

Cornerstone Receives Unsolicited Bid for 4,000 Apartment Units, Other Assets
Among Cornerstone Property’s holdings is the164-unit Bonita Pointe Apartments in Florida City, Florida. (CoStar)
Among Cornerstone Property’s holdings is the164-unit Bonita Pointe Apartments in Florida City, Florida. (CoStar)
CoStar News
October 4, 2021 | 9:21 P.M.

Cornerstone Property, an Israel-based entity controlled by The Cornerstone Group based in Hollywood, Florida, has received an unsolicited buyout offer for its entire portfolio of more than 4,000 affordable housing units as well as other commercial properties owned by the parent company.

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