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MIAMI-Le Club Development LLC paid $34 million for the 332-unit Le Club at Old Cutler community. Built in 1989, the community consists of 14 three-story buildings on 15 acres and a clubhouse. The developers plan to spend $2 million on cosmetic improvements.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
July 10, 2025
Southern states are driving the boom with the most units completed in 2024.
July 10, 2025
Also, three of the top five markets are in Arizona.
July 10, 2025
Meanwhile, national occupancy is up year-over-year.
