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Pompano Beach Multifamily Trades for $55M

Jefferson Lighthouse Place, built in 2015, is currently 94% occupied. HGI reports it plans to spend an additional $850,000 on capital improvements at the property located at 4411 North Federal Highway.

Jefferson Lighthouse Place is a 243-unit luxury apartment community in Pompano Beach, FL. Jefferson Lighthouse Place is a 243-unit luxury apartment community in Pompano Beach, FL.

POMPANO BEACH, FL—A partnership of the Jefferson Apartment Group of McLean, VA and Starwood Asset Management, which is based in Atlanta, has sold the 243-unit Jefferson Lighthouse Place apartment community here for $55 million.

The property was acquired by Harbor Group International of Norfolk, VA. The sale transaction calculated out to approximately $226,337 per unit. Jefferson Lighthouse Place, built in 2015, is currently 94% occupied. HGI reports it plans to spend an additional $850,000 on capital improvements at the property located at 4411 North Federal Highway.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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