Brookfield Properties Acquires Miramar Multifamily For $187.7M

Brookfield Properties has acquired a multifamily property located at 11700 Southwest 26th Street in Miramar. The property spans across 22.7 acres and features a total of 512 units. The transaction took place on December 28, 2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $187,700,000
• Address: 11700 Southwest 26th Street, Miramar
• Market: Miramar
• Acres: 22.7

The seller of the property was RangeWater Real Estate, represented by Steven Shores. The buyer, Brookfield Properties, was represented by Bruce Flatt. The sale price for the property was $187,700,000, resulting in a price per unit of $366,602. The total square footage of the property is 685,369, with a price per square foot of $274.