Andy Burnham Of White Oak Development Acquires 4.1 Acres In Davie For $11.4M With Lender Albert Rabil

The transaction involved the sale of 4.1 acres of land located at 4185, 4175 Davie Road, 6440 Southwest 42nd Court & 4179 Davie Road in the Davie market for $11.4 million. The acquisition is intended for the development of the 286-unit Saddlebridge Apartments. The project will include two four-story buildings, a pedestrian bridge, and 507 parking spaces, with plans incorporating 57 income-restricted units.

Summary of transation details:

• Property Type: Land
• Transaction Amount: $11,400,000
• Buyer: Andy Burnham - White Oak Development
• Lender: Albert Rabil - Kayne Anderson Real Estate
• Loan Amount: $67,000,000

Key individuals in the transaction include Andy Burnham of White Oak Development, who is leading the project development, and Albert Rabil from Kayne Anderson Real Estate, who facilitated the construction financing for the project.