MIAMI—With so much activity in Downtown Miami, some developers and investors are turning to nearby Little Havana for opportunities. The latest is Melo Real Estate president and CEO Frank Rodriguez Melo.
Melo just negotiated the sale of six multifamily assets in Little Havana. Melo spent $5.255 million, which equates to $56,000 per door.
Rodriguez Melo is a partner in Grupo Habita, the buyer of all the multifamily assets. He says several of the deals required patience over six months to close, due to an environmental issue.
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