FORT LAUDERDALE, FL—In the second largest statewide multifamily portfolio sale so far this year, Harbor Group International has purchased three apartment complexes in Florida for $99.7 million. CBRE secured $75 million in financing for the multifamily acquisition.
CBRE Capital Markets arranged the sale of three garden-style apartment communities in Florida: Serramar in Fort Lauderdale; Turtle Cove in West Palm Beach; and Island Club in Orlando. CBRE also marketed the assets and negotiated the sale on behalf the seller, a joint venture between AEW and The Bainbridge Companies.
CBRE’s South Florida Multi-Housing Group team of executive vice president Robert Given and Zachary Sackley, was joined by executive vice president Shelton Granade of CBRE Orlando’s Multi-Housing Group to represent the seller.
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