Ssr Tower Fund Leads to $54.05 Million, 10-Building Acquisition of South Beach/Coral Gables Portfolio

in Acquisitions, Press releases /

MIAMI, FLORIDA – October 26, 2004 – SSR Realty, in conjunction with Terranova affiliate Gables Beach Ltd. and a Madison Marquette affiliate, has paid $54.05 million to purchase a prime real estate portfolio of 10 buildings from Starwood Urban.