TIAA-CREF Pays $90 Million For Broward Multifamily Asset

ZOM, Inc. and AEW Capital Management sold the 350-unit Casa Palma at 6112 SR-7 in Coconut Creek to TIAA-CREF for $89.88 million, or approximately $257,000 per unit.
The 489,000-square-foot multifamily building was built in 2014. It sits on 20.1 acres and has over 600 parking spaces.Robert Given of CBRE represented the seller.
 
Source:  CoStar

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