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The social season hits the ground running and doesn't stop until the tabebuia trees start dropping their leaves

Roundup of activities in town for the season

FORT LAUDERDALE, FL - Just eight months after acquiring a 280-unit garden-style apartment complex northwest of Fort Lauderdale, Lynd Living has sold the asset for $66.50 million. That amounts to $15.50 million more than the $51.00 million price paid on March 17, 2021. Lynd Living CEO David Lynd said the decision to sell now was not easy, but feels the time was right to maximize value due to the hot real estate market. “Values in South Florida have really skyrocketed since the pandemic...

BOCA RATON, FL - Harbor Group International, a privately-owned international real estate investment and management firm, announced the acquisition of The Heritage, a 248-unit, Class A multifamily community in Boca Raton, Fla., for $81 million. Newmark Knight Frank's Hampton Beebe and Avery Klann coordinated the sale. Meridian Capital's Abe Hirsh and Zev Karpel along with Newmark Knight Frank's Henry Stimler and Bill Weber coordinated the financing for the deal. The Heritage consists of four mid-rise residential buildings located one mile west of Atlantic Ocean beaches. The prope...

Javascript is disabled in your web browser. For full functionality of this site it is necessary to enable JavaScript. Please Allow Javascript and reload this page. Out-of-state multifamily buyers eye South Florida South Florida’s multifamily market starts new year buoyed by out-of-state interest Miami Issue / Parc Station When JLL’s Maurice Habif brought a 336-unit Hollywood apartment complex to market just before Labor Day, he noticed more than the regular crop of institutional investors active in South Florida paying attention. Habif saw unfamiliar private investors, family o...