Uptown Boca Villas Acquired by Church of Jesus Christ of Latter-day Saints | Real Estate Services M&A Deal

Church of Jesus Christ of Latter-day Saints has completed the acquisition of Uptown Boca Villas, a property management business in Florida, for $240 million. The Church of Jesus Christ of Latter-day Saints acquisitions expand its multifamily real estate services footprint in Boca Raton through a 456-unit apartment complex with retail space. Uptown Boca Villas acquisition supports ongoing property management acquisition needs, including community amenities such as a pool, fitness center, business center, and lounge. The real estate services M&A deal is a divestiture acquisition involving a family office acquisition profile, with the buyer acting via an LDS Church affiliate property reserve.