The Milestone Group Acquires Multifamily Property In Miami For $107M

The multifamily property located at 12325 Southwest 151st Street in Miami has been sold in a closed transaction. The sale took place on August 26, 2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $107,000,000
• Number of units: 505
• Price per Unit: $211,881
• Market: Miami

The buyer of the property is The Milestone Group, represented by Jeffrey Goldberg and Robert Landin. On the other hand, the seller is Grand Peaks Properties, represented by Luke and Nick Simpson.

With the purchase price of $107,000,000, this multifamily property comprises 505 units, with each unit estimated to have a price per unit of $211,881. The transaction took place in Miami.