South Florida Rental Community Sells for $21.5 Million
Effective rent in South Florida rose 25.2% year over year due to an influx of corporate migration and new residents.
September 08, 2022 at 06:00 AM
2 minute read
Real Estate News
The original version of this story was published on Law.com
Berkadia arranged the sale and financing of Stellar at Palm Aire, a new build-for-rent community with 39 townhomes located in the Palm Aire Country Club in Pompano Beach.
The property sold to Pulso Capital, a Fort Lauderdale-based company for $21.5 million, or $551,282 per unit.
Berkadia Miami's senior managing directors Roberto Pesant and Jaret Turkell, director Yoav Yuhjtman, associate director Omar Morales and senior analyst Jose Mota marketed the property on behalf of Stellar Communities, a real estate development company.
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