PLANTATION, FL-Invesco Real Estate, an international realty investment firm, has acquired the 481-door Alexan Solero apartment community at 13500 N.W. Third St. in Plantation for $104 million from Trammell Crow Residential, which translates into $217,000 per unit.
The complex, which is located between Interstate 595, Interstate 75 and the Sawgrass Expressway, comprises townhouses and garden-design units with garages and is over 80% occupied. South Florida Multi-Housing Group of CB Richard Ellis negotiated the all-cash deal on behalf of the owner. For the full story, go to South Florida Business Journal.
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