LAKE WORTH, FL-ARA has closed the sale of a 218-unit apartment complex called Esperanza for $9.3 million, which translates into $42,660 per apartment. The garden-style apartment community is located in the Lake Worth market in Palm Beach County. Robbins Property Associates based in Newton, Massachusetts, was the buyer and Waterton Associates, LLC based in Chicago was the seller.
ARA's South Florida sales team comprising Avery Klann and Hampton Beebe negotiated the deal on behalf of the seller. For the full story, go to Florida Real Estate Journal .
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