TAMPA, FL – JLL Capital Markets announced today that it has closed the $9 million sale of an off-market, shovel-ready, 180-unit apartment development site in Sarasota, Florida.
JLL represented the seller, a joint venture between Defined Companies, co-founded and led by Noah Leon and Steven Guasch, and Nadeb Investment Group, led by President Eben Mensah. Arlington Properties, Inc. acquired the asset.
Prior to the sale, Defined and Nadeb secured all entitlements, approvals and permits.
FORT LAUDERDALE, FL - Franklin Street has arranged the acquisition of a 22-unit luxury apartment community in northwest Fort Lauderdale for $7 million, or approximately $318,181 per unit. The Class A property, at 3050 NW 68th St., was completed in 2020 and completed full lease up in early 2021. The property is currently 100% occupied with an average rent of $1,890 per month.
Franklin Street’s Dan Dratch and Greg Matus, with the firm’s South Florida Multifamily Investment Sales.