Live Breaking News & Updates on Raton Based El Ad National

El-Ad’s Yitzhak Tshuva and Noam Ziv with Savannah Place at 22356 Calibre Court (Google Maps, Linkedin)
El-Ad National Properties sold the Savannah Place apartments west of Boca Raton for $31.1 million, roughly $5 million less than its purchase price 15 years ago.
Records show King of Prussia, Pennsylvania-based Morgan Properties, through affiliate Savannah Place (M-O) Owner, bought the garden-style community from El-Ad National’s affiliate El-Ad Savannah Place.
The 191-unit apartment complex with a pool and tennis court spans 10.5 acres at 22356 Calibre Court. Built in 1988, it totals 177,931 square feet, property records show.
The deal breaks down to $162,738 per unit.
Morgan Properties, founded and led by Mitch Morgan, is a family owned and operated firm that also manages multifamily communities, according to its website. In addition to the recent purchase, it owns nine Florida apartment complexes, including three in Palm Beach County. ....

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