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Stoneweg acquires 688-unit Florida unit residential property for USD114m

Stoneweg acquires 688-unit Florida unit residential property for USD114m

Stoneweg, a real estate investment adviser and asset manager with operations and capabilities across Europe and the United States, has acquired a 688-unit residential asset in the Metropolitan Area (MSA) of Tampa-St Petersburg in Florida, USA, for USD114 million in a joint venture with Hartford Investment Management Company (HIMCO), an institutional investor in the market.