Advenir Acquires Trails Apartment Complex In Miami-Dade County For $18M

1040 SW 70th Ave Miami, FL 33144, USA

$18,060,000

Building Size

—

Asset Type

MultiFamily

Closing

Jun 13, 2023

AI

Advenir has acquired the Trails apartment complex in Miami-Dade County for $18 million. The 84-unit project, located on the Ludlam Trail pedestrian park, is part of a larger development with plans for additional apartments and retail space.

Summary of transation details

Property Type: Multifamily
Transaction Amount: $18,060,000
Address: 1040 Southwest 70th Avenue
Market: Miami
Acres: 5.4

The buyer, Advenir, completed the purchase of the Trails apartment complex. The seller in the transaction was Prestige Builders. Valley National Bank provided the loan for the deal. Stephen Vecchitto of Advenir represented the buyer's interests in the sale.

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