Slate Asset Management has turned to the Sun Belt after spending most of 2025 looking for profits outside the U.S. 
The Chicago-based private investment firm agreed to pay $226.5M for a 1,600-unit portfolio of multifamily units across Florida, Georgia and Arizona. The roughly $142K-per-unit deal spanning six garden-style properties comes as the Sun Belt, a darling of pandemic-era investment, sees multifamily rent growth sputter amid a wave of deliveries pushing some capital into the Midwest.