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Invesco Real Estate and Bozzuto formed a $330 million investment joint venture with an overall capacity of approximately $1 billion. The duo will deploy capital across East Coast markets.

The partners already closed on their first purchase, a 220-unit property in Orlando, Fla., dubbed Enders Place. TA Realty sold the asset, according to Yardi Matrix data. Its previous price tag was $53.2 million in 2020. Plans call for the property’s refurbishment by enhancing unit finishes.