Second Avenue Acquires Pacific Oak Residential, Inc.
December 19, 2024
Second Avenue, a Tampa-based single-family rental platform, acquired Jacksonville-based Pacific Oak Residential, Inc., adding a 2,110-home portfolio valued at about $400 million. The deal expands Second Avenue's managed homes to 5,300 and raises its assets under management to $1.5 billion while extending its operating footprint to 21 states.
- Buyers
- Second Avenue
- Targets
- Pacific Oak Residential, Inc.
- Industry
- Real Estate
- Location
- Florida, United States
- Transaction Type
- Buyout
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