R
esia, a leading multifamily housing platform in the US, has announced the sale of Resia Old Cutler, a 390-unit garden-style apartment community in Miami-Dade County, Florida. The property was acquired by Kayne Anderson Real Estate, a prominent real estate investment management firm.

    As part of the deal, Resia will continue to manage the day-to-day operations of Resia Old Cutler, ensuring seamless transition for residents. This marks a significant milestone for both companies, with Kayne Anderson selecting Resia Old Cutler as its first acquisition from Resia.

    "We're proud to expand our partnership with Kayne Anderson through the sale of Resia Old Cutler," said Carlos E. Gonzalez, Chief Investment Officer at Resia. "This collaboration aligns with our growth strategy and addresses the pressing need for diverse housing options in South Florida."

    Resia Old Cutler, completed in 2023, features one-, two-, and three-bedroom apartments, along with premium amenities such as a fitness center, children's play area, and swimming pool. Its strategic location near major transportation hubs and local attractions ensures comfort and convenience for residents.

    "We're thrilled to partner with Resia on this acquisition," said Ken Carl, Senior Managing Director 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 for middle-market renters."

    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.