Olympus Property expands South Florida multifamily portfolio with $46M purchase
Olympus Property boosted its South Florida multifamily portfolio after acquiring a recently completed Miami project for $45.9 million. An affiliate of Fort Worth, Texas-based Olympus, led by founder Chandler Wonderly, bought The Fifteen Miami, an Allapattah nine-story complex with 132 apartments at 1420 Northwest 15th Avenue, records and real estate database Vizzda show. The buyer obtained a $23 million mortgage from Freddie Mac. Walker & Dunlop brokered the deal on behalf of the seller, Premium Development, the U.S. subsidiary of a Vienna, Austria-based firm of the same name. Premium bought the nearly 1-acre site for $3.6 million in 2018, and […]This article originally appeared on The Real Deal. Click here to read the full story.
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