Search
 

Altman Makes $223M Multifamily Trade

MIAMI—Altman is selling its multifamily assets just about as fast as it can develop them. Get the details on four new transactions—and the company's construction pipeline.

By Jennifer LeClaire | Updated on February 10, 2015

MIAMI—Altman Companies just sold four of its Altis-branded multifamily developments for $223 million. The apartment complexes—three of which are in South Florida and one in Tampa, FL—sold to four different buyers.

All told, the multifamily assets include 1,094 units in stabilized assets. Each multifamily community offers one-, two- and three-bedroom garden apartments in suburban neighborhoods that boast consistent rent growth and strong absorption.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.