Miami Apartment Home Community Trades In $40.8 Million Off-Market Deal
Ronald Meyerson, P.A, Senior VP of Multifamily Sales with Cedano Realty Advisors, represented the buyer, The Lynd Company in the purchase.
Ronald Meyerson, P.A, Senior VP of Multifamily Sales with Cedano Realty Advisors, represented the buyer, The Lynd Company in the purchase.
Phase I of the project was completed in 2020 and experienced rapid leasing velocity through the pandemic and is currently 99% occupied. Phase II is under construction and scheduled for completion in 2022. Upon completion, the project will total 401 units.
The project spans across nine waterfront acres.
C&W’s Calum Weaver, Garrett Pordes, Robert Given, Zach Sackley and Troy Ballard of Cushman & Wakefield represented the seller, Finvarb Group, in the transaction.
The closing represents the last of three strategically planned majority skilled nursing property sales in Florida by Healthcare Trust, Inc.
The sale price breaks down to $166,000 per door.
The project will include 1,300 apartments, office and retail, and possibly a hotel.
Here are the most popular news headlines this past week on CRE-sources.
Here are the most popular news headlines this past week on CRE-sources.
Here are the most popular news headlines this past week on CRE-sources.
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