A Denver-based group bought a Davie multifamily community for $79.1 million as investment in South Florida apartments picks up after a cautious phase during the coronavirus pandemic.
Black Creek Group affiliate BCDPF The Palms LLC bought Palms at Davie Apartments on Tuesday from Los Angeles-based CIM Group LLC's affiliate Palms Owner LLC, according to the Broward County property appraiser's office.
The 340-unit garden-style Palms is an older property constructed in 1998. It's 337,557 square feet in a dozen buildings on a 26-acre lot surrounding a lake, according to the appraiser's office.
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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.
