Specifically, the property offers both one- and two-bedroom floor plans with washers and dryers, walk-in closets, balconies, and gourmet kitchens in all units. The property also features two controlled-access gated entries, two pools, four heated spas, a fitness center, massage room, business center, conference room, two playgrounds and two sport courts.

Located at 11801 Pembroke Rd., The Resort at Pembroke Pines underwent a $12-million renovation that focused on the building exteriors and community amenities in 2007. The Pembroke Pines market has historically experienced strong economic expansion and been one of the top markets for growth in the nation.

“Pembroke is well-located in south Broward County, an area that has performed well historically and we believe is poised to outperform the market in the future,” says Steve Zaleski, managing director of the Multi-Housing Group for CB Richard Ellis Investors.

South Florida’s multifamily sector is heating up, seeing several transactions in the past month alone. Addison, TX-based commercial real estate firm Behringer Harvard acquired Parrot’s Landing Apartments in North Lauderdale last week. Chicago-based Equity Residential bought a 22-acre site from Huizenga Group zoned for 500 multifamily units near Sawgrass Mills earlier this month. And Acumen Real Estate Advisors paid $28.5 million for Sunset Gardens in Kendall.