Miami Apartments Trade for $109.9M
The 266-unit Avida Aventura apartment complex at 19401 W. Dixie Highway in Miami was acquired by Breevest for nearly $110 million. The seller was Fifield Cos. The firm broke ground on Avida Aventura, its first Miami-Dade County project, in 2022 and completed it in 2024. The project sold for over $400,000 a unit.
The South Florida Business Journal reports the buyer took out an $85 million mortgage from BDT & MSD Partners.
Units range from 467-square-foot studios to 1,492-square-foot three-bedroom residences. Monthly rents range from $2,323 to $4,788. The property features a 20,000-square-foot rooftop amenity deck overlooking the Miami skyline, with a heated pool, sauna, and spa. A dedicated coworking area offers private offices and conference rooms.
The rental community is not far from the Aventura Mall and is just steps away from the Brightline train station.
Other News
OHT Helming 402-Unit Austin Rental Community
OHT Partners broke ground on The Barton, a 402-unit multifamily community on more than 60 acres in Southwest Austin. Located at 8956 W. State Highway 71, The Barton will feature a mix of three-story garden-style buildings and two-story townhomes with more than 40 acres designated as green space. Design features include large floor plans, private yards and...
Learn more
Woodfield Acquires West Palm Beach Condos at Auction
Avison Young and Fisher Auction completed the sale of all of the units and the .32-acre clubhouse/pool parcel of the 84-unit, 13-building condominium community located at 2800 Georgia Avenue in West Palm Beach, Florida. Woodfield Development was the top bidder at $13.5 million. The development was over $1.5 million behind in paying its water bills....
Learn more
CBRE Arranges Financing for Rent-Stabilized Midwood Multifamily
CBRE originated a $15-million loan for a 175-unit rent-stabilized multifamily property located at 430 and 499 E. 8th St. in the Midwood section of Brooklyn. The financing was secured on behalf of ARM Management through Four Leaf Credit Union. The CBRE Capital Markets team of Judah Hammer, Jeff Feldman and Jack Hayes arranged the refinancing...
Learn more
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout