Springer Capital Pays $240.2Mln for S.C. Apartment Portfolio
April 22, 2024
309-Unit Apartment Property Opens in Phoenix
April 22, 2024
City: Lauderdale Lakes
Somerset IV & V
Somerset Grove LLC has bought Somerset IV & V, a 612-unit apartment property in Lauderdale Lakes, Fla., for $77.12 million, or about $126,013/unit. The Spring Valley, N.Y., company bought the property, which sits on a 36.1-acre site at 2690 to ...
612-Unit Apartment Property in Lauderdale Lakes, Fla., Fetches $77.12Mln
South Florida Business Journal Somerset Grove LLC has bought Somerset IV & V, a 612-unit apartment property in Lauderdale Lakes, Fla., for $77.12 million, or about $126,013/unit. The Spring Valley, N.Y., company bought the property, which sits on a 36.1-acre ...
2 Lauderdale Hills, Fla., Retail Properties Trade for $23.75Mln
South Florida Business Journal An affiliate of Current Capital Group has bought two retail properties totaling 163,794 square feet in Lauderdale Lakes, Fla., for $23.75 million, or about $145/sf. The Hollywood, Fla., company bought the properties from an affiliate of ...
315-Unit Apartment Complex in Lauderhill Lakes, Fla., Sells for $63.63Mln
South Florida Business Journal Axonic Properties has bought the Bella Vista Apartments, a 315-unit complex in Lauderdale Lakes, Fla., for $63.63 million, or $202,000/unit. The New York company purchased the property from Integra, a Miami developer, in a deal brokered ...
420-Unit Apartment Property in South Fla. Sells for $150Mln
South Florida Business Journal An affiliate of the Frankforter Group has sold the 420-unit Pacific Point Apartments in Lauderdale Lakes, Fla., for $150 million, or about $357,143/unit. The Montreal company sold the property to an affiliate of JBS Capital Group ...
Lauderdale Lakes, Fla., Apartments Fetch $16.92Mln
South Florida Business Journal A fund managed by Peak Capital Partners has paid $16.92 million, or about $68,780/unit, for the 246-unit St. Croix apartments in Lauderdale Lakes, Fla. Cornerstone Group sold the affordable-housing property, which sits on 11.2 acres at ...
3700 Pacific Point Place
Atlantic Cypress Creek. Arbor Private Label provided $74 million of acquisition financing that was arranged by FM Capital. The interest-only loan pays a 3.8 percent coupon.
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
