Due to the price point that the seller was targeting, the ability to get traditional financing was nearly impossible because of the lack of Day 1 cash flow.

"To us, green business means a solid and meaningful commitment to the green building movement and to conducting our operations responsibly."

"We will strategically continue to offer a variety of attractive price points and amenities to prospective residents."

The properties were sold by Angelo Gordon of New York City and Commercial Florida Realty Partners.