Universe Holdings is diving into the Florida real estate market with a multifamily acquisition in Tampa Bay. The Los Angeles-based firm paid $66 million for the 250-unit Pearce at Pavilion apartments at 3603 Pavilion Palms Circle in Riverview, roughly nine miles southeast of downtown Tampa Bay. The sale price equates to $264,000 per unit. As…

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Universe Holdings has acquired the Stonegate Apartments (Stonegate), a 160-unit multifamily community in Southern California’s Inland Empire city of Riverside, in an off-market transaction worth $53.370 million. Built in 1987, Stonegate offers a mix of one- and two-bedroom floorplans and a strong amenity package, including a fitness center, swimming pool, spa, barbecue area, pet park,…

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