Waterton Property Management Acquires One Plantation Apartment Tower In Plantation For $88.38M

The One Plantation apartment tower in Plantation, Florida, has been sold for $88.38 million. The property consists of 321 apartments with a total square footage of 471,109. It is located at 1600-1700 Southwest 78th Avenue in the Plantation market. The sale price per unit is approximately $276,729, while the price per square foot is $189. The buyer of the property is Waterton Property Management, while the seller is PR/Stiles Plantation Apartments Owner.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $88,830,000
• Market: Plantation
• Acres: 5.6
• Buyer: Waterton Property Management
• Seller: PGIM Real Estate - Eric Adler; Stiles Corp. - Kenneth Stiles

WRPV XIV 78th Avenue Florida LLC, an affiliate of Waterton Property Management, has acquired The One Plantation apartment tower. The buyer's representative in the deal is Waterton Property Management. The seller, PR/Stiles Plantation Apartments Owner, was represented by Eric Adler from PGIM Real Estate and Kenneth Stiles from Stiles Corp.