Newmark Arranges $139 Million Financing For Newly Completed Multifamily Property In Delray
Completed between 2024 and 2025, the property comprises 420 units, offering a mix of studios, one-, two- and three-bedroom layouts, and townhomes.
Completed between 2024 and 2025, the property comprises 420 units, offering a mix of studios, one-, two- and three-bedroom layouts, and townhomes.
Kripalani and Fernandez join C&W from Colliers.
The new company brings together decades of experience and billions in real estate transactions under one roof, positioning itself as a “one-stop shop” for clients seeking top-tier commercial brokerage expertise across Florida.
Newmark Multifamily Capital Markets Executive Managing Director Tal Frydman and Vice Chairman Hampton Beebe facilitated the sale on behalf of the seller.
In his new role, he will focus on delivering high-quality land development and senior housing services from the Boca Raton office.
Leading real estate developer Related Group is developing the residential project in partnership with BH and PEBB.
The appointment comes as Florida’s housing shortage reaches critical levels, with Miami-Dade County alone projected to need over 160,000 additional affordable units over the next decade.
The deal illustrates investor appetite for Build-to-Rent (BTR) product in land-constrained South Florida.
She will focus on guiding capital improvement projects for condominium communities across the region.
The project spans 43 acres and brings a vibrant mix of residential, retail, and office space to the growing Congress Avenue corridor.
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