2022 was an exceptional year for Castle Lanterra with transaction volume totaling over half a billion dollars. CL set the path to the future success of the firm through the creation of new divisions focusing on opportunities with high growth potential. CL also formed a dedicated in-house property management division, Pontis Property Management, which will oversee building operations and systems to maximize asset value. CL expanded national operations with the addition of 14 new hires and senior level promotions across all divisions. During 2022, CL completed 12 transactions across six states. Acquisitions included over $125 million of assets in the active adult sector in Florida, New York, and Texas. CL also expanded our office portfolio with two acquisitions in Florida, and enhanced our Texas presence with the addition of a new construction multifamily property.
As we look ahead to the coming year, our team maintains a cautiously optimistic outlook for commercial real estate, specifically in the multifamily sector. Our pipeline is robust, and we are excited to share new opportunities with you.
Thank you for your continued partnership and support.