MIAMI— The Haven at West Melbourne, a 336-unit multifamily community in West Melbourne, FL, has traded hands. The sale price: $53.3 million.
Passco Companies acquired the apartment complex. This is the firm's second acquisition in the Space Coast within the last six months, according to Colin Gillis, vice president of Acquisitions for the Southeast at Passco.
“Florida has been a big target market for much of our acquisition activity this year,” Gillis tells GlobeSt.com. “We've acquired close to $200 million in the area over the last five months, which places us on track to reach our goal of $1 billion in multifamily acquisitions by the end of the year.”
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