Multifamily sales continue to aim for new heights in South Florida, as buyers with ample resources are flocking to the hottest market.
This week, Salt Lake City-based Property Reserve, the investment arm of the Church of Jesus Christ of Latter-day Saints, paid $133M to buy a newly built multifamily campus in Plantation.
The eight-story building known as The Ellsworth encompasses 315 units at 1301 and 1303 Southwest 80th Terrace in proximity to the intersection of I-595 and South University Drive. The deal translates to about $422K per unit.
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