South Florida Business Journal Apartment Income REIT Corp. has paid $298 million, or about $602,020/unit, for Southgate Towers, a 495-unit property in Miami Beach, Fla. The Denver multifamily REIT, also known as AIR, acquired the 14-story complex from Gumenick Properties of Henrico, Va. Southgate Towers sits on a four-acre site at 900 West Ave. It […]

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