South Florida apartments hitting market amid lethargic rents
A pair of South Florida apartment complexes will be going for sale, The Real Deal has learned, amid a slowdown of the multifamily market compared with recent years’ boom. Boston-based Stratford Management is looking to offload the 276-unit Riverland Apartments at 420-432 Southwest 27th Avenue in Fort Lauderdale for about $90 million, and CIX Capital wants to sell the 240-unit Village at Mangonia Lake at 2201 North Australian Avenue for about $70 million, according to Jaret Turkell, the broker marketing the properties on behalf of the sellers. The complexes, both of which consist of market-rate rentals, are expected to hit […]This article originally appeared on The Real Deal. Click here to read the full story.
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