Miami apartment communities are fetching top dollar as the South Florida multifamily markets remain attractive from both a fundamentals and performance standpoint.
One example is the sale of 275 FontaineParc, a 133-unit property developed and owned by Marlon Gomez of Gomez Development Group and Emir Dereli of the Dereli Family Office, which traded for $50 million, or $379,939 per door, a record for the area according to sellers.
Harbor Group International was the buyer for this mid-rise complex in western Miami Dade on Fontainebleau Boulevard. The property was completed in early 2020.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
