The transaction involved a 36-unit multifamily building located at 237 Southwest 13th Street in Miami. The asset was sold for $27,550,000, translating to a price per unit of $765,278. This property was part of the recently terminated El Vedado condo project situated near Miami’s Brickell neighborhood.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $27,550,000
• Buyer: Victor William Ticona Cuadros & Victor Augusto Ticona Correa - Grupo T&C
• Seller: Santiago Vanegas - Habitat Group
• Units: 36
• Price per Unit: $765,278
• Date of Transaction: 05/08/2025

Grupo T&C acquired the property from Habitat Group’s Blue Palm Capital entities, having assembled the units for $21.76 million over a span of five months. The transaction reflects a trend in South Florida, driven by recent stricter regulations post-Surfside.