Wes Powell Of AIMCO Acquires Development Site From Laurent Morali Of Kushner Companies For $7.5M

The property asset involved in the transaction is a 2.31-acre development site located at 300 West Broward Boulevard in Fort Lauderdale. The sale price was $7,500,000+. This acquisition was part of a swap involving cash and a non-performing note. Aimco is executing a planned liquidation of its real estate holdings.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $7,500,000+
• Buyer: Wes Powell - AIMCO
• Seller: Laurent Morali - Kushner Companies
• Date of Transaction: 11/13/2025
• Market: Fort Lauderdale
• Acreage: 2.31

The deal involved Wes Powell representing AIMCO as the buyer and Laurent Morali representing Kushner Companies as the seller. This transaction included the completion of a swap that featured both cash and a non-performing note related to another property at 200 W. Broward Blvd. Shareholder approval for AIMCO's liquidation is expected in early 2026.