Brookline Investment Group Acquires Homestead Multifamily For $82M

The multifamily property located at 13710 SW 256th Street in Homestead has been sold in a closed transaction. The property consists of 281 units with a total square footage of 245,140. The sale price for the property was $82,000,000, resulting in a per unit price of $291,815 and a per square foot price of $335.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $82,000,000
• Address: 13710 SW 256th Street, Homestead
• Market: Homestead
• Buyer: Brookline Investment Group
• Seller: Grand Peaks & AEW
• Brokers: Maurice Habif, Simon Banke, Ted Taylor, Luca Victoria & Danielle Fernandez - JLL
• Units: 281
• Price Per Unit: $291,815
• Square Footage: 245,140
• Price Per Square Foot: $335

The sale was facilitated by brokerage firm JLL, with Maurice Habif, Simon Banke, Ted Taylor, Luca Victoria, and Danielle Fernandez representing the buyer and seller in the deal. The transaction highlights the involvement of key individuals and companies in the successful sale of the multifamily property.