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CBRE Closes Largest SoBe MF Deal of 2013

MIAMI—Once again, a foreign buyer snapped up a South Beach multifamily asset. Get all the details.

By Jennifer LeClaire | Updated on June 05, 2013

MIAMI—It’s CBRE‘s largest multifamily sale on South Beach this year. AnNell Apartments, a 54-unit multifamily property, has sold to a foreign all-cash buyer.

The CBRE Multi-Housing Private Capital Group arranged the sale of the apartment community, which is located 700 Euclid Avenue in Miami Beach. CBRE represented the seller, Investors Management Group, Inc., a Los Angeles-based private equity firm. Bar Invest Florida bought the multifamily property.

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