#United States #Lake Worth #Casa Brera #Milestone Group #Toscana Isles

Milestone Group Expands Portfolio with Recent Acquisition

The Milestone Group has announced its recent acquisition of the Casa Brera apartment community, comprising 206 units located within Toscana Isles in Lake Worth, Florida. This strategic purchase underscores Milestone's commitment to growth in the highly sought-after South Florida real estate market, where demand continues to flourish.

Acquisition Highlights

The acquisition comes at a time when the South Florida region experiences rising housing demand due to its attractive quality of life and growing job opportunities. Milestone's Vice President of Acquisitions, David Giles, remarked that Casa Brera was bought at a notable 20% discount compared to the replacement costs, highlighting a significant opportunity in a constrained supply market.

By assuming the existing financing, Milestone efficiently facilitated the purchase, which enabled a quick closing process, providing assurance to the seller. Looking forward, Milestone plans to modernize the community's exterior, enhance amenities, and implement selective interior upgrades, all aimed at enriching the living experience for residents and boosting the property’s overall performance.

Jason Wise, who oversees East Coast investments for Milestone, expressed optimism about the recent acquisitions within Palm Beach County, affirming confidence in the region's long-term growth potential fueled by steady in-migration and corporate relocations.

About Casa Brera

Casa Brera offers a mix of one-, two-, and three-bedroom apartments located at 4725 Via Bari, strategically situated between Palm Beach and Boynton Beach. Residents enjoy convenient access to a multitude of shopping centers, recreational facilities, and rapidly developing job markets in the vicinity.

The community amenities at Casa Brera are designed to provide a resort-like experience for residents, featuring:

• - A resort-style pool
• - A private movie theater
• - A state-of-the-art fitness center
• - A dog park
• - A multifaceted sport court
• - A luxurious clubhouse
• - A social lounge with an entertainment bar

Each apartment comes equipped with modern conveniences, including open floor plans, granite countertops, stainless steel appliances, private balconies or patios, hardwood floors, and in-unit washers and dryers—attributes that contribute to a comfortable living space.

About Milestone Group

Founded in 2003, the Milestone Group has established itself as a leading privately held real estate investment management firm. With a sharp focus on value-add multifamily assets in major U.S. metropolitan areas, Milestone has successfully managed over $9 billion in multifamily investments, encompassing more than 90,000 units across various economic cycles.

Milestone operates through a series of discretionary equity funds, maintaining corporate offices in Dallas, Texas, Boca Raton, Florida, and Atlanta, Georgia. The company continues to build trust with its investors by prioritizing performance and adaptability in the ever-evolving real estate landscape. For further details, visit Milestone Group's website or reach out via email.

Conclusion

The acquisition of Casa Brera is viewed not just as a business strategy but as an investment in the community’s future. Given South Florida's robust growth indicators, Milestone Group is poised to continue expanding its footprint while enhancing living conditions for residents. As urban areas become increasingly central to lifestyle and work opportunities, Milestone’s focused efforts reflect a commitment to meeting the evolving needs of the market.

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