Pantzer Properties Acquires Manor Miramar Apartments For $161 Million With CBRE Multifamily Capital Loan

The sale involved a mixed-use property located at 1 Main Street in the Miramar market, encompassing 3.77 acres. The property was sold for $161,000,000 and comprises 393 units across 715,453 square feet, translating to a price per unit of $409,669 and a price per square foot of $225. The complex includes various unit sizes ranging from 481 to 1,653 square feet and features amenities such as a pool, fitness center, sauna, and clubhouse. The property was originally built in 2024.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $161,000,000
• Buyer: Jason Pantzer & Jordan Pantzer - Pantzer Properties
• Seller: Jon Paul Pérez - Related Group; Keith Gelb - Rockpoint
• Lender: CBRE Multifamily Capital
• Units: 393
• Square Footage: 715,453
• Price Per Unit: $409,669
• Price Per Square Foot: $225

Jason Pantzer and Jordan Pantzer from Pantzer Properties acquired the property from Jon Paul Pérez representing Related Group and Keith Gelb representing Rockpoint. Pantzer Properties secured a $102.41 million loan backed by Fannie Mae through CBRE Multifamily Capital to facilitate the acquisition and subsequently rebranded the property as The Point at Miramar.