Pantzer Properties Acquires Multifamily Property In Royal Palm Beach For $119.4M

Located in Royal Palm Beach, the multifamily property at 10900 & 11020 Town Circle has been sold in a recent transaction. The deal was closed on 05/24/2021, with a sale price of $119,400,000. The property spans across 30 acres and comprises 392 units, providing a spacious and dynamic living space. With a total square footage of 405,516, the property offers a comfortable environment. The price per unit (PPU) stands at $304,592, while the price per square foot (PPSF) is $294. The property, with an address at 10900 & 11020 Town Circle, Royal Palm Beach, holds significant value in the market, with a price per acre (PPA) of $3,980,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $119,400,000
• Units: 392
• Price per Unit (PPU): $304,592
• Square Footage: 405,516
• Price per Square Foot (PPSF): $294
• Acres: 30
• Price per Acre (PPA): $3,980,000

The buyer of the property is Pantzer Properties, represented by Jason & Jordan Pantzer. On the other side, the seller is The Related Group, with Jorge & Jon Paul Pérez as their representatives in the deal. This transaction not only signifies the successful closing of the deal but also showcases the involvement of key individuals and companies in the real estate industry, such as Pantzer Properties and The Related Group.