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Nuveen Affiliate Buys Coconut Creek Multifamily for $46.5M

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Coconut Creek Apartment Homes at 3621 Hillsboro Boulevard in Coconut Creek with Nuveen CEO Jose Minaya and Bar Invest CEO Jacques Barbera (Google Maps, Nuveen. Bar Invest)
An affiliate of global investment manager Nuveen bought a Coconut Creek multifamily complex for $46.5 million.
CVIII Waterview Apt Holdings bought the 192-unit Waterview at 3621 Hillsboro Boulevard from Coral Gables-based Bar Invest Group, according to a deed. The buyer has the same New York address as Nuveen and lists several Nuveen executives as authorized representatives, state corporate records show.
The deal equates to $242,187 a unit.
Bar Invest Group bought Waterview in 2017 for $37 million, records show. ....

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Builders plan more apartment complexes for West Palm Beach

Builders plan more apartment complexes for West Palm Beach
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Here are South Florida's Largest Multifamily Sales of 2020

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Here are South Florida’s largest multifamily sales of 2020
Top sale was $180M
3333 South Port Royale Drive in Fort Lauderdale
Loosened requirements on business closures may have helped keep more Floridians employed, and thus paying their rent, but the pandemic may have hurt top sales in the multifamily market.
The top South Florida multifamily sale of 2020 didn’t beat 2019’s $322 million sale, but it did best 2018’s $149 million top sale. And South Florida’s top five sales did see a higher average price per unit than last year’s top five $299,000, compared to $275,000. ....

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