MIAMI-The Reliant Group, a San Francisco-based firm, has acquired a 211,500-square-foot, 300-unit multi-housing property named the Palm Lake Apartments at the corner of NW 115th Street and NW 27th Avenue in Miami for $15 million, which translates to $71 per square foot and $50,000 per unit.
An entity managed by The Related Group was the owner of the property. Marcus & Millichap Real Estate Investment Services represented both the buyer and the seller. For the full story, go to Florida Real Estate Journal.
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