Miami

The disposition follows a $4 million value-add program and represents the firm's second exit from its first multifamily fund.

There's a large amount of speculative construction underway that is expected to be absorbed quickly.

Miami mixed-use project follows firm's settlement of Surfside condo collapse lawsuit.

County offers 99-year ground lease for 17-acre Government Center site in Downtown Miami.

The buyer said in a press release that Mary Brickell Village "provides for compelling value-creation opportunities as the site's zoning allows for the potential to develop up to 80 stories or 4.1 million square feet which could consist of residential, office and hospitality."

"When you are truly passionate about your field and career, you will start to yearn for more…and that's when you find your greatest potential," states Naomi Ayala, co-founder of DMT Transact.

The acquisition marks the seventh property in HGI's Miami portfolio

The firm has sold a multi-tenant flex industrial park in Tampa, FL, representing the final property in the Avistone Industrial Property Fund II LLC.