Jake Geleerd & Kelly Brannen Acquire 264-unit Multifamily Property In West Palm Beach With $88.5M Construction Loan From Acore Capital

The multifamily property located at 740 & 840 North Dixie Highway in West Palm Beach has been involved in a recent transaction. Spanning over 2.5 acres, this property consists of 264 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $88,500,000
• Address: 740 & 840 North Dixie Highway
• Market: West Palm Beach
• Units: 264
• Acres: 2.5

Tortoise Properties, represented by Jake Geleerd & Kelly Brannen, served as the landlord in this deal. Acore Capital acted as the lender, providing a construction loan of $88,500,000.