Westdale Asset Management Acquires Multifamily Property In Palmetto Bay For $58.2M

The multifamily property located at 18301 S Dixie Hwy in Palmetto Bay, was recently sold for a total price of $58,248,777. The transaction took place on July 12, 2021, with Westdale Asset Management, Ltd as the buyer and The Estate Companies as the seller. Neyda Bravo from Bravo & Partners Realty represented the buyer in the deal. The property consists of 213 units, with an average price per unit of $273,468.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $58,248,777
• Address: 18301 S Dixie Hwy
• Market: Palmetto Bay

During the transaction, Neyda Bravo from Bravo & Partners Realty played a crucial role as the buyer's representative. Westdale Asset Management, Ltd and The Estate Companies were the key companies involved in the deal. The sale of this multifamily property signifies a significant transaction in Palmetto Bay's real estate market.