FORT LAUDERDALE, FL-Continuing the multifamily momentum in South Florida, Parrot’s Landing has sold for $42 million, or $75,000 a door. The 560-unit apartment complex calls North Lauderdale home.

Holliday Fenoglio Fowler managing director George Vail and Director Jaret Turkell led the investment sales team exclusively on behalf of the seller, Des Moines, IA-based Principal Global Investors. Grand Peaks Property Management, a Denver-based apartment management company, through a joint venture with Addison, Texas-based commercial real estate investor Behringer Harvard, purchased the property with a Fannie Mae loan. The property is 94% occupied.

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