Tishman Speyer pays $125M for 270-unit apartment complex in Boca Raton

Tishman Speyer bought a 270-unit apartment complex in Boca Raton for $124.5 million.  New York-based Tishman Speyer bought the Bell at Broken Sound Apartments at 5500 Broken Sound Boulevard Northwest and 950 Northwest Broken Sound Parkway from Greensboro, North Carolina-based Bell Partners, according to records and real estate database Vizzda. The purchase breaks down to $461,111 per apartment.  The buyer borrowed a $78.4 million Fannie Mae loan for the purchase. The loan matures in 2030.  Robert Given and Zach Sackley were part of the CBRE team that represented the seller.  Completed in 2018 and 2019, Bell at Broken Sound consists […]This article originally appeared on The Real Deal. Click here to read the full story.