Aimco Acquires 51% Stake In Fort Lauderdale Development Site For $25 Million

The development site located at 200, 300, and 520 W Broward Boulevard in Fort Lauderdale has been sold for a total of $25,000,000. Aimco, in collaboration with Kushner Companies represented by Laurent Morali and Nicole Kushner, acquired a majority stake of 51% in the property. The site spans across 4.6 acres, resulting in a price per acre of approximately $5,434,783.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $25,000,000
• Location: 200, 300 & 520 W Broward Boulevard, Fort Lauderdale
• Buyer: Aimco (@KushnerCompanies - Laurent Morali & Nicole Kushner)
• Stake: 51%
• Acres: 4.6
• Price Per Acre: $5,434,783

The sale of this development site involved the collaboration between Aimco and Kushner Companies, with Laurent Morali and Nicole Kushner representing the buyers. This transaction marks a significant investment in the Fort Lauderdale market, contributing to the ongoing development and growth of the area.