Miami

NHI, headquartered in Murfreesboro, TN is the managing member and will own 97.5% of the joint venture equity and Bonita Springs, FL-based Discovery will own 2.5%.

The New York-based company, Lafayette Communities, is launching its first single-family development, 51 detached homes, in Tampa, FL in June.

Highwoods now owns an 80% interest in the joint venture. The company estimates the project will involve a total investment of $72 million.

Lalezarian Properties buys 2 acres in downtown Miami for $43 million.

The Class-A facility, located at 150 Whitman Ave. in Edison, will feature 36-foot clear ceiling heights, 23 exterior docks, five trailer positions, parking for up to 62 cars, and one drive-in door.

This is at least the third Broward County apartment complex bought by Bar Invest in the last three years.

Colliers International South Florida negotiated the sale of 1.17 acres offering development potential for a 60-story tower with special conditions or 36 floors otherwise.

The portfolio totals 1.27 million square feet of office space. SREIT is managed by Starwood REIT Advisors L.L.C., a subsidiary of Starwood Capital Group.