AvalonBay Acquires Miramar Multifamily Property For $295M

A multifamily property in Miramar has been sold for $295,000,000. The property, located at 11385 Southwest 30th Court and 2750 Southwest 113th Lane, consists of 650 units, resulting in a price per unit of $453,846. The transaction took place on August 2, 2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $295,000,000
• Address: 11385 Southwest 30th Court & 2750 Southwest 113th Lane, Miramar
• Units: 650
• Price Per Unit: $453,846

The buyer of the property is AvalonBay Communities, represented by Timothy Naughton and Benjamin Schall. The Altman Companies, along with Seth Wise, BBX Capital, and Rockpoint, were the sellers of the property. Bill Walton represented Rockpoint in the transaction.