Corebridge Real Estate Investors Acquires Multifamily Asset In Delray Beach For $73 Million

The property asset involved in this transaction is a multi-family building located at 1631 Federal Highway in Delray Beach. The asset was sold for a price of $73,000,000.00 and comprises 225 units within a total square footage of 411,173.0.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $73,000,000.00
• Buyer: Corebridge Real Estate Investors
• Buyer's Representatives: Adam Portnoy & Rob Lester - The RMR Group
• Seller: Nathalie Palladitcheff - Ivanhoé Cambridge
• Units: 225
• Square Footage: 411,173.0
• Date of Transaction: 03/19/2025
• Market: Delray Beach

Corebridge Real Estate Investors was the buyer, with Adam Portnoy and Rob Lester from The RMR Group representing them in the transaction. The seller of the property was Nathalie Palladitcheff, who is affiliated with Ivanhoé Cambridge.