An Atlanta-based multifamily investor has made another South Florida play, buying a Hollywood multifamily community for $92 million.
Cortland bought Cortland Hollywood from investment adviser and portfolio manager J.P. Morgan Investment Management Inc., a subsidiary of JPMorgan Chase & Co. Cortland used affiliate North 29th FL Partners LLC and J.P. Morgan Investment used affiliate Parc Station Holdco LLC to complete the transaction.
The sprawling garden-style community is more commonly known as Parc Station, but Cortland rebranded it to Cortland Hollywood soon after closing the deal last week.
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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.
