Spanning more than 698,000 total square feet, Rainbow Village will include 310 affordable housing units, almost 12,000 square feet of retail, more than 50,000 square feet of amenity space, and 442 parking spaces.
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Newmark’s Matthew Williams, Daniel Matz, James Maynard, Kyle Schlitt and Robert Wright secured the bridge loan from Ladder Capital on behalf of buyer Safe Harbor Investments, LLC.
The sales, announced in mid-January 2025, reflect the growing demand for well-maintained and strategically located apartment communities in both established and emerging markets across the state.
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Throughout his extensive career, he has facilitated numerous transactions with a wide range of multifamily stakeholders, including national and regional developers, institutional investors, REITs, insurance companies, high-net-worth individuals, and opportunity funds.
Aztec Group ran a broad process and received proposals for the financing of 25 Mirage from banks, life insurance companies, Fannie Mae and Freddie Mac. The financing was awarded to Ocean Bank.
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Krasnow will be based in the firm’s Boca Raton office and specialize in providing advisory services for local public sector entities and higher education institutions.
JLL’s Seniors Housing Capital Markets team procured the buyer, AEW Capital Management, and secured the three-year acquisition loan through Capital One Bank on behalf of the buyer.