Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Ocean Walk Apartments, a 297-unit multifamily community in Key West, FL Ocean Walk Apartments, a 297-unit multifamily community in Key West, FL

MIAMI—Ocean Walk Apartments, a 297-unit multifamily community in Key West, FL, has traded hands. The sale price: $101.5 million. Passco Companies acquired the multifamily asset. The deal marks the largest single-asset transaction in the firm’s history.

According to Colin Gillis, vice president of acquisitions for the Southeast at Passco, Ocean Walk is an extremely rare find. Indeed, the apartment community is one of only three professionally-managed multifamily communities in Key West, representing nearly half of the multifamily supply on the entire island.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Jennifer LeClaire


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.