Denver real estate trust adds to Florida holdings with $66.5M retail buy – Denver Business Journal

A Denver-based real estate investment trust that bought a Florida office tower last December has now bought a retail complex in a posh Miami-area community.

DPF Suniland LLC, an affiliate of Denver’s Dividend Capital Diversified Property Fund, paid $66.5 million to Miami Beach-based Terranova Corp. for the Suniland Shopping Center in Pinecrest, Florida. The complex has 82,000 square feet of retail space on 7.1 acres.