Cushman & Wakefield Arranges Sale Of Two-Property Multifamily Portfolio In Off-Market Deal

Cushman & Wakefield announced the sale of the Aviara Portfolio, a 264-unit multifamily collection comprising two well-located communities in South Florida.

The transaction was arranged on behalf of the seller, Aviara Florida, by a Cushman & Wakefield team led by Roberto Pesant, Jose Mota and Wouter Lips, who represented both the seller and the buyer, CSL.

Combined, the portfolio totals 264 units across two well-maintained assets in both Palm Beach and Broward County’s most sought-after rental submarkets.

The portfolio includes Aviara East Pompano, located at 1621 S Dixie Hwy. in Pompano Beach, a 228-unit community built in 2024 and featuring a resort-style pool, fitness center, pet-friendly common areas, gated access, and covered parking; and Aviara on The Ave, located at 307 N J St. in Lake
Worth, a 36-unit community built in 2021.

The deal was executed through a targeted off-market “mini-market” process, designed to generate certainty of execution among a curated group of well-capitalized investors. This approach reflects a growing preference among institutional sellers navigating the current transaction environment.

“Pompano Beach continues to prove itself as one of the most compelling submarkets in South Florida for institutional investors,” said Roberto Pesant, Executive Managing Director, Cushman & Wakefield. “The submarket is seeing over $5 billion in institutional investment across multiple asset classes. Investors who move decisively here are being rewarded with durable rent growth and strong long-term fundamentals. It’s a market we continue to be extremely bullish on.”

Pompano Beach has emerged as a premier destination for institutional capital, underpinned by sustained rent growth and resilient long-term market fundamentals that continue to attract significant investment across asset classes.