Providence Real Estate Announces Sale of Its Gulf Coast Multifamily Portfolio Totaling 1,463-Units Located in Florida and Alabama
CHICAGO, IL - Providence Real Estate, a multifamily owner-operator, announced the sale of a six-property, 1,463-unit multifamily portfolio (the “Gulf Coast Portfolio”) located in Pensacola and Tallahassee in Florida, and Mobile in Alabama. The Gulf Coast Portfolio was originally acquired in a joint venture with a publicly traded corporation that provides private debt and equity to U.S. companies. “The tremendous success of the Gulf Coast Portfolio continues...