David Warren & Robert Clark Of DW Partners Acquire Land In Homestead For $24M From Lennar
$24,000,000
Building Size
—
Asset Type
Land
Closing
Dec 5, 2025
AI
This transaction involves the sale of land located at Southwest 344th Street & Southwest 162nd Avenue in the Homestead market. The asset was sold for $24,000,000. The land is part of the Keys Gate subdivision where significant development is planned. This transaction concluded Lennar's land bank arrangement with JEN Partners and opened a new purchase option with DW Partners, valid through 2031.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $24,000,000
- Buyer: David Warren & Robert Clark - DW Partners
- Seller: Jon Jaffe & Stuart Miller - Lennar; JEN Partners
Key individuals involved in this transaction include Jon Jaffe and Stuart Miller representing Lennar, and David Warren and Robert Clark on behalf of DW Partners. This agreement is strategic for Lennar as it secures future development sites in south Miami-Dade, reinforcing their presence in the new-home market.
Players
Market Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93