Brookline Investment Group Acquires 8.8 Acre Multifamily Property In Homestead For $82M

Located at 13700 SW 256th Street in Homestead, this 8.8-acre multifamily property was recently sold in a closed transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $82,000,000
• Units: 281
• Price per Unit: $291,815

The buyer of the property was Brookline Investment Group, while the seller consisted of AEW Capital Management represented by Jeff Furber and Grand Peaks Properties represented by Luke Simpson. The transaction was facilitated by JLL.

This sale presents a significant investment opportunity in Homestead's market, with a substantial transaction value and a sizeable multifamily asset. The involvement of reputable companies like AEW Capital Management, Grand Peaks Properties, and JLL further solidifies the credibility and quality of this transaction.