Pantzer buys 393-unit apartment building in Miramar for $161M
Pantzer Properties bought a 393-unit apartment building in Miramar for $161 million. The purchase comes on the heels of New York-based Pantzer closing its $1 billion Panco Strategic Real Estate Fund VI that will target multifamily properties on the East Coast. Boston-based Rockpoint and Coconut Grove-based Related Group sold the eight-story building at 1-3 Main Street to Pantzer, according to records. The buyer borrowed a $102.4 million Fannie Mae loan for the purchase. The purchase price breaks down to $409,700 per apartment. Related, led by the Pérez family, and Rockpoint, led by Bill Walton and Keith Gelb, completed development of […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Historic cottage near Citadel’s Brickell HQ to move to Coconut Grove
Summermaxxing: Wealth boom brings heat to South Florida with pricey off-season sales
Rivani’s $50M Miami Beach office expansion with Playboy HQ heads to voters
Alonzo Mourning, HTG net $55M financing package for affordable housing
$16M West Palm mansion breaks city’s record for priciest non-waterfront sale
Centaur sells Panther National for $191M in South Florida’s biggest golf course trade this year
Florida’s education shakeup is pouring money into private schools. Here’s what it means for real estate
South Florida’s top deals: Palm Island home sells for $19M
Simple steps can make a home listing stand out
Why more Americans are turning to co-buying to afford a home
