Federal Capital Partners (FCP) has acquired a Miramar, Florida apartment complex for $67.5 million, according to a report from The Real Deal.
The deal for the 250-unit property, called Alexan Miramar, comes at a cost of about $270,000 for each apartment and was recently developed by Trammell Crow Residential, which paid $9.8 million for the site in 2021. Part of the deal will include FCP taking on Trammell's $43.3 million loan.
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