Acquisition of The Residences at 400 Central

United States

Deal value: $210,000,000

Acquisition of a newly completed 46-story mixed-use tower in St. Petersburg, FL, featuring luxury residential units, Class A office space, and ground-floor retail.

The acquisition targets a newly completed, iconic mixed-use tower in downtown St. Petersburg, FL, capitalizing on strong demand for luxury urban living, premium office space, and high-visibility retail in a rapidly growing Sunbelt city. The investment thesis is driven by the belief in continued population and wealth migration to Florida, urban revitalization, and the scarcity value of trophy assets with panoramic views and top-tier amenities. Timing aligns with post-pandemic urban resurgence and investor appetite for resilient, diversified real estate in prime locations.