MIAMI—In a rare sale, a luxury, two-tower, high-rise multifamily rental in Miami has sold to a New York buyer. An affiliate of Ladder Capital Finance Holdings acquired Terrazas River Park Village Apartments for an undisclosed price.
CBRE's Institutional Multi-Housing Group represented the seller. Robert Given, Gerard Yetming, and Zachary Sackley worked together on the deal.
Terrazas is a 21- and 28-story, 324-unit rental multifamily community. The apartments are located at 1861 N.W. South River Drive on the Miami River. It is 98% occupied.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
