3050 Biscayne Boulevard, Suite 604, Miami, FL 33137 Phone: 212-260-1332
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Green Tree Apartments with (from left) R.O.I. Capital founders Noam Avrahami, Shay Atiya, Shay Milch and Northland Investment founder Lawrence Gottesdiener
R.O.I. Capital Group made its first venture into the South Florida multifamily market, buying a 296-unit Oakland Park complex for $58.5 million.
Israel-based real estate investor R.O.I. Capital bought Green Tree Apartments at 5201 North Dixie Highway from Northland Investments, according to a press release. The deal equates to $197,635 per unit.
R.O.I. secured $47 million in acquisition financing from Westbury, New York-based commercial real estate lender ACRES, according to the release. It is a three-year bridge loan with two one-year renewal options.