Venterra expands Florida footprint with 256-unit, Trevesta Place, acquisition from Terwilliger Brothers, Carlyle JV for $55.37M ($216,286/unit)

8/23/2024

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MHN

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: The Carlyle Group (NASDAQ: CG)

Venterra Realty has purchased Trevesta Place Apartments, a 256-unit community in Palmetto, Fla. According to Manatee County public records, a joint venture between The Carlyle Group and Terwilliger Brothers Residential sold the asset for $55.4 million. Walker & Dunlop financed Venterra’s purchase with a $36 million note set to mature in September 2029, the same source shows.