The property asset involved in the transaction is an 11.8-acre development site located at 1174-1185 Hillsboro Mile, situated in Hillsboro Beach. The site is set for a luxury residential project known as Rosewood Residences, which will feature 70 condominiums and various high-end amenities.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $307,000,000
• Lender: Apollo Global Management
• Landlord: Jorge Pérez, Jon Paul Pérez & Nick Pérez - Related Group; Gil Dezer & Michael Dezer - Dezer Development
• Construction Loan Amount: $307,000,000
• Completion Year: 2026
• Architectural Design: Arquitectonica
• Unit Status: Over 50% of units pre-sold

The deal involves key representatives from Related Group and Dezer Development, with Jorge Pérez, Jon Paul Pérez, Nick Pérez, Gil Dezer, and Michael Dezer playing significant roles in the financing and development of the Rosewood Residences project. The project has overcome zoning challenges and received approval for a 10-story design, contributing to its development timeline.