Client and San Diego-based real estate investment company Strata Equity Group has expanded its portfolio with the acquisition of a two-property multi-family complex in the affluent Mt. Pleasant submarket of Charleston, South Carolina. Strata purchased the properties from a family office for $87.5 million in a deal shepherded by Procopio attorney Robert Brown.

The purchase came from equity collected in Strata’s new SEREF III fund. Learn more in Strata’s press release.