Ram Realty Advisors has sold Indigo Station to Cortland. The financial terms were not disclosed.
“The development of Indigo Station is consistent with our well-established strategy of creating institutional-quality mixed-use projects throughout the Southeast,” said Casey Cummings, CEO of Ram Realty Advisors. “We were initially attracted to the location by virtue of its access to both public transit and I-95, as well as proximity to major employment centers. The sale of the asset in no way diminishes our commitment to South Florida and more specifically Broward County, where we recently broke ground on a new mixed-use project in Oakland Park.”
Located in the underserved Deerfield Beach submarket in northern Broward County, the 226-unit luxury apartment community is a rare investment opportunity in a high-barrier-to-entry neighborhood. Adjacent to the Deerfield Beach Tri Rail station, Indigo Station is one of few transit-oriented rental communities in Broward
