(To read more on the multifamily market, click here.)

BOYNTON BEACH, FL-New York City-based Tarragon Realty Investorshas paid $74 million, or $203,297 a unit, for Via Lugano, a364-unit multifamily rental complex at 1400 Via Lugano Circle. Theseller was Blackrock Realty Advisors, also based in New York.Tarragon plans a conversion to for-sale condominiums.

"There was no asking price," Brad Capas of the Fort Lauderdaleoffice of Cushman & Wakefield tells GlobeSt.com. Capas, asenior director of C&W's multifamily housing group, and RosendoCaveiro, a director in the same office, represented Blackrock inthe transaction and secured the buyer. "There were a couple ofdozen bids," Capas says, adding that this price-per-unit is "amongthe highest ever paid in Boynton Beach.

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