GDF Properties Acquires Multifamily Portfolio In Fort Lauderdale, Dania Beach, Hallandale Beach, Hollywood & Hallandale For $17.3M

The multifamily portfolio located at 2901 NW 18th Street, 707-715 SW 5th Street, 605 SW 12th Avenue, Units 1-3, 833 & 837 NW 10th Street, Units 1-4, 801-805 & 829 NW 10th Street, 725, 801, 805 & 809 NW 7th Avenue, Units 1-4, 806, 808 & 814 NW 7th Terrace, 2316 Freedom Street, 525, 529, 533, 831 & 835 NW 5th Street, 842 NW 8th Street, Units 1-4, 809, 813, 826, 830 & 834 NW 7th Street, Units 1-4 & 750 NW 9th Avenue was sold as part of a closed transaction in the Fort Lauderdale, Dania Beach, Hallandale Beach, Hollywood & Hallandale market. The sale took place on February 26, 2021, with a sale price of $17,300,000. The portfolio consists of 189 units, resulting in a price per unit of $91,534.

Summary of transaction details

• Property Type: Multifamily Portfolio
• Transaction Amount: $17,300,000
• Buyer: GDF Properties
• Seller: Tinglof Land Trusts
• Units: 189
• Price Per Unit: $91,534

GDF Properties acquired the multifamily portfolio from the seller, Tinglof Land Trusts. The deal, worth $17,300,000, involved 189 units with an average price per unit of $91,534. This transaction marks a significant investment in the Fort Lauderdale, Dania Beach, Hallandale Beach, Hollywood & Hallandale market.