The Milestone Group announced the acquisition of the Axis Delray Beach Apartments, a 488-unit, garden-style multifamily community located at 1495 Spring Harbor Drive in Delray Beach, Fla. The purchase price was not disclosed.
“The acquisition of Axis Delray Beach complements Milestone’s current portfolio, and our team was again able to source an off-market opportunity and executed a creative transaction that met the seller's timing expectations,” said Jason Wise, vice president of acquisitions at Milestone. “And while the asset has been institutionally maintained and significant dollars have been spent on unit interior renovations by the seller, we have crafted a very thoughtful and thorough overhaul of the common area amenities, landscaping, and building exteriors that will not only greatly enhance the curb appeal of the asset but will also provide both new and existing residents with a next-level living experience. We expect this multi-million-dollar project to begi
