Three South Florida multifamily properties changed hands, led by the $67.5 million sale of a downtown Fort Lauderdale apartment building.
Two affiliates of Hialeah-based multifamily manager Jenco Properties bought Aviah Flagler Village from an affiliate of Chicago-based apartment investor AMLI Residential. The deal closed Tuesday, and the property was rebranded with the Aviah name from the previous AMLI Flagler Village.
Jenco Properties is led by company president Mark Kravit. Jenco is dividing ownership between its affiliate Sunrise Hamlet LLC, which acquired just over 68%, and Continental Gardens LLC, which acquired a little less than 32%, according to the Broward County deed.
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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.
