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Avanti Buys Boynton Beach Apartments for $105M

Avanti Buys Boynton Beach Apartments for $105M
therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.

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NYC's 10 Largest Outer-Borough Loans in March 2021

NYC's 10 Largest Outer-Borough Loans in March 2021
therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.

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RKW Residential to Manage Upscale Florida Community

RKW Residential to Manage Upscale Florida Community
Located in a Fort Lauderdale suburb, the property marks Dermot Co.’s first acquisition in the Sunshine State.
Mar102021
Image courtesy of RKW Residential
Dermot Co. has retained property management firm RKW Residential to manage its inaugural multifamily acquisition in Florida. Seabourn Cove is an upscale apartment community in the Fort Lauderdale suburb of Boynton Beach, about 60 miles north of Miami.
Developed in two phases, Seabourn Cove features a 308-unit property at 3501 N. Federal Hwy., and a 148-unit property at 3480 Old Dixie Hwy. The buildings offer a blend of one-, two- and three-bedroom apartment homes extending in size from 888 to 1,719 square feet. Amenities include two heated swimming pools. ....

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Heitman Sells Boynton Beach Apartments to Dermot Co.

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Dermot Company’s Stephen Benjamin with Seabourn Cove at 3501 North Federal Highway (Linkedin, Google Maps, Seabourn Cove)
Dermot Company paid $143 million for an apartment community in Boynton Beach, a record for 2021 and one of the most expensive multifamily deals in more than a year.
Property records show Heitman Capital Management affiliate Hart Seabourn Cove sold the 308-unit community at 3501 North Federal Highway and the 148-unit second phase at 3480 Old Dixie Highway to Seabourn Cove Holdings LLC, which is linked to New York-based Dermot.
The buyer financed the purchase with an $84 million mortgage from TIAA, records show. The Boynton Beach community sold for about $314,000 per unit. ....

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