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Transactions - OCTOBER 13, 2021

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Avanti Residential acquires apartments in South Florida for $102m

by Released

Avanti Residential has acquired Sanctuary Doral, an ultra-luxury 226-unit multifamily community in Doral, Fla., for $102 million.

Avanti purchased Sanctuary Doral from Miami-based Shoma Group, which developed the project with condominium-quality finishes and resort-like amenities in 2020. The acquisition is the second of three South Florida investments Avanti plans to complete in 2021.

Sanctuary Doral is located at 9400 NW 41st Street in Doral and fronts Doral Boulevard, the major east/west thoroughfare in Doral. The project includes abundant outdoor amenities on 1.35 acres of open space, including an oversized pool deck with cabanas and day beds, barbeque areas, a large children’s playground and soccer field, a half-acre sculpture garden, and a large pet park and pet spa area. The property also features a deluxe fitness center with a steam room and dry sauna, a game room/lounge area, and a resident business center and conference room. Apartment interiors include hig

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