Soleste Twenty2, a newly-developed luxury apartment building in West Miami has traded for $97 million. The developer, the Estate Cos., sold the property to an LLC last week.
The eight-story, 338-unit property is located at 2201 Ludlam Rd.
The property, which delivered in February 2020 came to market as the pandemic was just beginning but was able to stabilize in the last year. It is currently 95% leased.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
