BOYNTON BEACH, FL-Robbins Property Associates has paid $27.1million to purchase Ashley Lake Park, a 300-unit rental apartmentcomplex situated at 5020 Ashley Lake Drive in Boynton Beach. CapriCapital Partners based in Chicago was the seller of the apartmentcommunity, which has an occupancy rate of 93%. The complex featuresamenities such as a tennis facility, a fitness center and twoswimming pools.
Hampton Beebe, Marc deBaptiste and Avery Klann of ARA negotiatedthe deal on behalf of the seller. For the full story, go toSouth Florida Business Journal .
GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.
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.
