Cortland Acquires Multifamily Property In Miami For $160.3M

Located at 15520 SW 127th Ave in Miami, this multifamily property was recently sold in a transaction. The property consists of 408 units and is part of the vibrant Miami market. The sale was completed on 12/13/2021. Casey Cummings captured an image of the property.

Summary of Transaction Details

• Property Type: Multifamily
• Sale Price: $160,270,000
• Price Per Unit (PPU): $392,819

The buyer in this transaction was Cortland, while Ram Realty Services, represented by Casey Cummings, acted as the seller's representative. The sale price of $160,270,000 corresponds to a price per unit (PPU) of $392,819. This successful deal further establishes Cortland in the Miami market and reflects the ongoing activity and demand for multifamily properties.