The Sky Is The Limit For Homecorp
June 24, 20240
An ambitious dive into build-to-rent towers by Gold Coast developer Ron Bakir, in tandem with giant US funds manager Morgan Stanley, has been turned on its head.
All but 20 of the 257 apartments in Cienna Varsity Ridge’s first two buildings, which were rushed by renters, quietly have been sold off to owner-occupiers and investors.
Ron and his Homecorp group bought out Morgan Stanley before embarking on the sell-off.
It appears both Ron and the American group have fared handsomely and might team up for other ventures.
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