Business Wire reports that Broad Creek Capital has acquired a 315-unit multifamily community in Sarasota, Florida, the firm announced on Aug. 17, 2026.
The acquisition comes after what Business Wire described as a successful second close of Broad Creek’s Multifamily Advantage Fund. The company framed the transaction and the fund milestone as linked in its announcement.
Details released in the Business Wire item identify the property size (315 units) and the Sarasota location, and tie the purchase to the recent fund close. The announcement was posted on Aug. 17, 2026.
Broad Creek Capital’s release provides a concrete example of how institutional capital deployed through dedicated funds continues to move into the multifamily sector, at least in this instance in Florida.
Source: Business Wire (Broad Creek Capital announcement, Aug. 17, 2026).