Mavik Capital Management Acquires Multifamily Portfolio In North Miami Beach, Coral Springs, And Davie For $82M

The multifamily property located at 2365 Northeast 173rd Street, 2940 Forest Hills Boulevard, and 7550 Stirling Road in North Miami Beach, Coral Springs, Colonial Village, and Davie has been sold. The property spans 14.5 acres and consists of 371 units.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $82,000,000
• Units: 371
• Price per Unit (PPU): $221,024

The buyer of the property is Mavik Capital Management, represented by Vik Uppal and Mike Fishbein, along with Triangle Capital Group and Corinthian Real Estate, represented by Matt Miller. The seller is Maxx Properties.

This transaction took place on March 14, 2022. No additional information is available at this time.