Franklin Street Arranges $32 Million Sale Of Fort Pierce MF Community
The buyer was Southport Financial, one of the largest affordable housing developers/owners in the nation.
The buyer was Southport Financial, one of the largest affordable housing developers/owners in the nation.
The Class A, 192-unit property spans four floors over 188,316 square feet and was purchased by Nuveen Real Estate.
Rand says he is excited to help CFCAR grow and is impressed with the power brokers joining him on the 2021 board of directors.
Construction is expected to take 11 months to complete, with rental applications starting in June 2021.
C&W’s Mike Donaldson and Nick Meoli represented the seller, Lohman Apartments.
Newmark’s Senior Managing Director, Ryan Moody represented the seller in the disposition. TerraCap was represented by Matt Williams and Kyle Schlitt of Newmark’s Debt & Structured Finance group in arranging financing for the acquisition.
Maitland City Centre is a mixed-use community located just north of Orlando, consisting of 244 residential apartments and 33,500 square feet of retail space.
Newmark’s Multifamily Senior Managing Directors Scott Ramey and Erik Bjornson and Vice Chairman Patrick Dufour represented the seller Tomoka Pointe Housing, LP in the sale to Waypoint Real Estate Investments.
The property consists of 288 units of garden style apartments on more than 26 acres with amenities including a pool, fitness center, clubhouse and tennis, basketball and volleyball courts.
Mike Donaldson and Nike Meoli of Cushman & Wakefield represented the seller’s agent, Blue Roc Premier Properties, in the transaction. Inman Equities acquired the property. CLICK ON THE HEADLINE FOR MORE
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