Isaac And Liat Toledano Of BH Group Acquire Multifamily Complex In North Bay Village For $77.6M

The asset involved in the transaction is a multifamily complex situated at 7525 East Treasure Drive and 1900 South Treasure Drive in North Bay Village. This waterfront property encompasses 338 units and spans a total square footage of 326,356. The two 10-story buildings offer extensive direct waterfront access and skyline views, making it an attractive investment in a dynamic development market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $77,600,000
• Lender: Alex Horn - BridgeInvest
• Landlord: Isaac & Liat Toledano - BH Group; Michael Gontar - InterVest Capital Partners
• Loan Type: Acquisition

In this transaction, BH Group and InterVest Capital Partners secured a loan from BridgeInvest, indicating their strategic interest in acquiring Wake Biscayne Bay. This move places the involved parties in a competitive position within the growing North Bay Village market.