The firm recently completed the representation of a South Florida real estate investment fund in the purchase of 10-parcels in Ft. Lauderdale, Dania Beach, Hallandale Beach, and Hollywood which totals 189 multifamily units. The firm was able to advise the client from the beginning of negotiations of the contract through closing of this multi parcel eight figure transaction.
In fact, the closing took place in a matter of 37-days from contract to closing. The purchase represents the continued interest in the multifamily market in South Florida as the residential real estate market shows no signs of slowing down. As reported in various publications, including the South Florida Business Journal and The Real Deal. The price per unit was under $100,000.00 even with a high rate of occupancy as our client looks to improve and further stabilize the properties.