FORT LAUDERDALE, FL—In the second largest statewidemultifamily portfolio sale so far thisyear, Harbor Group International haspurchased three apartment complexes in Florida for $99.7 million.CBRE secured $75 million in financing for themultifamily acquisition.
CBRE Capital Markets arranged the sale of threegarden-style apartment communities in Florida: Serramar in FortLauderdale; Turtle Cove in West Palm Beach; and Island Club inOrlando. CBRE also marketed the assets and negotiated the sale onbehalf the seller, a joint venture between AEW andThe Bainbridge Companies.
CBRE’s South Florida Multi-Housing Group teamof executive vice president Robert Given andZachary Sackley, was joined by executive vicepresident Shelton Granade of CBREOrlando’s Multi-Housing Group to represent the seller.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
