Resia, a leading housing platform specializing in the development, construction, and management of multifamily communities across the U.S., announced today the sale of Resia Old Cutler, a 390-unit garden-style apartment community, to Kayne Anderson Real Estate, a prominent real estate investment management firm.
As part of the sale, Resia will continue to serve as property manager for Resia Old Cutler, maintaining its role in overseeing day-to-day operations. Kayne Anderson Real Estate, known for its focus on medical office buildings, student housing, seniors housing, and attainable housing for middle-market renters, selected Resia Old Cutler as its first acquisition from Resia, marking a significant milestone for both companies.
“We’re proud to expand our partnership with Kayne Anderson Real Estate through the sale of Resia Old Cutler, a community that exemplifies our commitment to delivering quality housing solutions,” said Carlos E. Gonzalez, Chief Investment Officer at Resia. “This collaboration marks an important step in our growth strategy as we continue to address the pressing need for more diverse housing options in South Florida.”
Resia Old Cutler, completed in 2023, is located at 22555 SW 107th Avenue in southeast Miami-Dade County, Florida. The community offers one-, two-, and three-bedroom apartments, along with premium amenities such as ample parking, a multipurpose room, a fitness center, a children’s play area, and a swimming pool. Its strategic location near Florida’s Turnpike, Miami International Airport, and local attractions like Zoo Miami ensures both comfort and convenience for residents.
“We are thrilled to partner with Resia on this acquisition and continue our shared mission of providing quality housing for middle-market renters,” said Ken Carl, Senior Managing Director, Head of Student and Multifamily Housing at Kayne Anderson Real Estate. “Resia Old Cutler is a prime example of the type of community that aligns with our strategy—offering exceptional living environments that cater to growing demand for attainable, quality housing.”
As Resia continues to expand, it remains committed to addressing the nation’s housing crisis by developing quality apartments in fast-growing metropolitan areas where rising rents are pricing out many residents. For more information, visit www.liveresia.com.
