Private equity firm Gaia moves HQ from NYC to Miami, bets on rental homes

Gaia Real Estate moved its headquarters from New York to Miami, as it focuses on investment in South Florida’s multifamily market.  The move comes after a slowdown of the influx of out-of-state companies to South Florida, which reached an apex in the three post-pandemic years. Gaia’s heightened investment in the Magic City also comes at a questionable time for the rental market.  Gaia established its base at 8163 Northeast Second Avenue, after first opening an office there early this year, according to the firm’s news release. It’s expanding at the site, where it’s leased a total of 5,000 square feet, […]This article originally appeared on The Real Deal. Click here to read the full story.