Doral Multifamily Community Sells For $94 Million

CBRE arranged the sale of Doral West Apartments, a gated lakeside community on 22 acres in Doral, for $93.5 million.
CBRE represented the seller. Associated Estates, a real estate investment trust located in Richmond Heights, Ohio, acquired the property. Doral West is one of only 25 multi-housing assets built since 1998 in Miami-Dade County.
“With some of Miami-Dade’s best demographics, an excellent school system and improving infrastructure, Doral is highly sought after by institutional investors,” said Robert Given, Vice Chairman with CBRE’s Multi-Housing Investment Properties group.
Built in 1998, Doral West is a Class A, gated lakeside community featuring both flat and townhome-style units with direct-access and detached garages. The property features a low-density site plan spanning across 22.4 acres (17 units/acre).
The CBRE professionals representing the seller included Robert Given, Vice Chairman, Zachary Sackley, First Vice President, and Gerard Yetming, Senior Vice President, all with CBRE’s Multi-Housing Investment Properties group based in South Florida.

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