MIAMI—Bulk condo sales aren’t entirely a think of the past. One hundred-ten units at the Bermuda Cay condo in Boynton Beach, FL just sold for $15.1 million—and industry watchers say the transaction represents a growing trend of Palm Beach County value-add investments.

Rosendo Caveiro, senior director of Cushman & Wakefield and Brad Capas of CapasGroup Realty Advisors represented the seller, an affiliate of Dizengoff Group, in the disposition. A private investment group that specializes in the bulk purchase of fractured condominiums throughout Florida acquired the assets.

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