JSB Capital Group, Johnston Group, And Carlyle Tiller Acquire Multifamily Property In Palm Beach Shores For $60M

The property asset involved in this transaction is a multifamily property located at 184 Lake Drive in Palm Beach Shores. The transaction took place on October 25, 2023.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $60,000,000
• Lender: S3 Capital Partners - Robert Schwartz & Steven Jemal
• Broker: Andy Weiss - Dansker Capital Group
• Owner: Jared Frydman – JSB Capital Group; Ryan Johnston & Carlyle Tiller – Johnston Group
• Loan Type: Acquisition & Construction Loan

The key individuals involved in this deal are Robert Schwartz and Steven Jemal from S3 Capital Partners, who served as the lenders for the transaction. The broker for the deal was Andy Weiss of Dansker Capital Group. The property is owned by Jared Frydman from JSB Capital Group, along with Ryan Johnston and Carlyle Tiller from Johnston Group.