Florida apartment property sells for $123m
Grand Peaks Properties has acquired the Solero at Plantation apartment complex in South Florida for approximately $122.7 million from Invesco Real Estate, according to Real Capital Analytics.
The garden-style apartment community, built in 2010, sits on 48 acres in Fort Lauderdale and features 481 apartment units.
The property is 93 percent occupied. Invesco Real Estate paid $104.7 million for the property in 2010.