An affordable apartment complex in Miami-Dade, known as Lincoln Fields, has been sold for $21.99 million in a recent transaction. The property, located at 2050 Northwest 64th Street, 2051 Northwest 66th Street, 2030 Northwest 68th Street & 6221 Northwest 21st Avenue, consists of 303 units. The per unit price of the property amounts to $72,574.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $21,990,000
• Market: Miami
• Buyer: Joined Development Partners
• Seller: Southport Financial Services
• Lender: Merchants Bank of Indiana

Joined Development Partners acted as the buyer in this transaction, acquiring the affordable apartment complex. Southport Financial Services, on the other hand, served as the seller. The financing for the purchase was provided by Merchants Bank of Indiana. This sale represents a doubling in value since the property's previous transaction in 2011, reflecting the strong demand for affordable housing in Miami.