1st Apr 2015 10:19
LONDON (Alliance News) - JZ Capital Partners Ltd said Wednesday that alongside its real estate partner RedSky Capital LLC it has made three acquisitions in Miami, Florida.
The two companies acquired 2621 NW 2nd Avenue, and 1 NE 40th Street and 35 NE 40th Street. They had previously acquired 2407 NW 2nd Avenue in January. The price for the combined four properties was USD97.4 million, of which JZ Capital Partners paid USD42.9 million.
"This announcement marks our fourth acquisition in the Miami property market since the beginning of the year - a key market as we strive to build a balanced portfolio of real estate assets that provide our shareholders with superior, long-term returns," said founder and Investment Adviser David Zalaznick in a statement.
Shares in JZ Capital are trading down 0.1% at 413.00 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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