Transaction of the Week

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  • Excelsa Properties Closes on Second Florida Multifamily Property; Buys the 216-Unit Oasis Naples

    Excelsa Properties acquired the 216-unit Oasis Naples, marking its second Florida buy in a year. The Bethesda, MD buyer shook hands with seller T.E. Miller Development (operating as Oasis Naples Apartments LLC) on the deal. Excelsa U.S. Real Estate II, LP (EUSRE II) and an Excelsa co-investment vehicle bought the asset as a value-add opportunity. JBM Institutional Multifamily Advisors brokered the transaction between the buyer and the seller. The purchase price was not released; however, Collier County property records show that...

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