A Delray Beach multifamily community completed three years ago was acquired by An Atlanta-based apartment investor for $73.9 million.
The newly renamed Cortland Delray Station is a 284-unit, seven-building complex northwest of Interstate 95 and Atlantic Avenue.
Cortland Partners LLC, a multifamily developer and investor, bought the complex from Wood Real Estate Investors LLC, also an Atlanta-based multifamily developer and investor. The deal closed July 23 at a value of $260,211 per unit.
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Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
