The Related Group and 13th Floor Investments have secured a $58 million acquisition loan for the purchase of Arium Lincoln Pointe, a 285-unit multifamily waterfront property in Aventura, Fla. Madison Realty Capital originated the loan for the borrowers.
Located on an expansive nine-acre parcel next to Williams Island with water on three sides, Arium Lincoln Pointe offers residents convenient access to Miami and Fort Lauderdale and highly sought-after shopping, dining and leisure destinations in Aventura. Built in 1991, the garden-style apartment complex consists of 165 one-bedroom and 120 two-bedroom units across four three-story residential buildings. The property’s amenities include a resort-style pool, a waterfront sundeck and a renovated two-story clubhouse with a game room and fitness center.