MIAMI—An affiliate of Related Group just sold Manor in Plantation, a brand new mid-rise and townhome residential community in Plantation, FL. The Manor, LLC acquired the property from Veranda II Apartments and Veranda II Townhomes for $52 million. The sale price equates to $271 per square foot.
CBRE arranged the sale of the 197-unit, class A asset. CBRE vice chairman Robert Given led the sales team, which included Zachary Sackley, Gerard Yetming, and Neal Victor.
"This sale represents one of a string of recent multifamily sales in the Plantation submarket that demonstrates that this is the most sought-after submarket by institutional investors in all of South Florida,” Given tells GlobeSt.com. The residential asset is located at 601 Northwest 82nd Avenue.
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