FORT LAUDERDALE, FL-Granite Flagler Village, an affiliate of New York-based BlackRock Realty Advisors, has sold 4 Forty Flagler Village, a 218-unit apartment complex at 440 N.E. Fifth St. in Fort Lauderdale, for $58.25 million. AMLI 440 NE 4th Avenue LLC, an affiliate of Chicago-based AMLI Residential Partners, has purchased the complex for $267,201 per unit.
The BlackRock affiliate obtained a $72.5-million construction loan to construct the project. The property is already listed as AMLI Flagler Village on the website of the buyer. For the full story, go to South Florida Business Journal .
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