American Landmark Acquires 729-Unit Multifamily Property In Miramar, FL And Fort Worth, TX With $177.3M Loan | 11575 City Hall Promenade & 401 Hemphill Street | Matthew (Matt) Mense, Henry Stimler, Ari Schwartzbard, William (Bill) Weber | MultiFamily | Loan

Summary

Loan

FLORIDA

MultiFamily

374,150 sqft

American Landmark has acquired a multifamily property consisting of 729 units located in Miramar, FL and Fort Worth, TX. The property, situated at 11575 City Hall Promenade and 401 Hemphill St respectively, has been purchased through an acquisition loan.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $177,251,954
Date: 07/06/2022
Market: Miramar, FL & Fort Worth, TX
Units: 729

Newmark facilitated the acquisition deal, with brokers Henry Stimler, Bill Weber, Matt Mense, and Ari Schwartzbard representing the buyer.

Players

All
5

Agents
4
Agencies
1

Matthew (Matt) Mense

Executive Managing Director

$105.5M Sold

Henry Stimler

Executive Managing Director

$1B Sold

Ari Schwartzbard

Senior Managing Director

William (Bill) Weber

Executive Managing Director

$2.4B Sold

Newmark

Details

Deal Summary

FINANCED

IMAGE: Henry Stimler, Bill Weber, Matt Mense & Ari Schwartzbard DATE: 07/06/2022 ADDRESS: 11575 City Hall Promenade & 401 Hemphill St MARKET: Miramar, FL & Fort Worth, TX ASSET TYPE: Multifamily ~ UNITS: 729 LANDLORD: American Landmark BROKERS: Henry Stimler (@HenryStimler), Bill Weber, Matt Mense & Ari Schwartzbard - Newmark LOAN AMOUNT: $177,251,954 LOAN TYPE: Acquisition LOAN TERMS: 5 Year Fix

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Address11575 City Hall Promenade & 401 Hemphill Street

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