Newmark Arranges $70 Million Sale, Financing Of Community In West Palm

Newmark arranged the $69.95 million sale and financing of Visions at Willow Pond, a 300-unit, garden-style multifamily community located in West Palm Beach.

Newmark Multifamily Capital Markets Executive Managing Director Tal Frydman and Vice Chairman Hampton Beebe facilitated the sale on behalf of the seller, Bar Investment Group.

Executive Managing Director Jim Badolato, Managing Director Mike McKee and Associate Kippy Donovan of Newmark’s Debt & Structured Finance group secured $50 million in Freddie Mac acquisition financing on behalf of the buyer, Morgan Properties, one of the largest private apartment investors in the United States.

“This transaction reflects the strength of collaboration across Newmark’s capital markets business,” said Frydman. “Our integrated approach allowed us to deliver a seamless execution that aligned with Morgan Properties’ strategic growth objectives. It also underscores continued investor confidence in the fundamentals of the West Palm Beach multifamily market.”

Located at 4860 Sand Stone Lane, Visions at Willow Pond features one- and two-bedroom floorplans across 17 two- and three-story buildings. The community offers a comprehensive amenity package including a resort-style swimming pool, sundeck, 24-hour fitness center and clubhouse lounge. The buyer plans to implement a robust capital improvement program to continue in-unit upgrades and enhance amenities for the community.

Situated less than 10 minutes from Downtown West Palm Beach and two miles from I-95, the property provides convenient access to major entertainment and employment centers including Palm Beach Outlets, The Square and The Breakers Palm Beach. Palm Beach County continues to experience rapid growth, ranking first in Florida for both population and income gains in 2023, while its emergence as “Wall Street South” continues to attract top employers and drive housing demand across the region.