Pacifica Companies Acquires Lantana Multifamily For $12.35M

Pacifica Companies has acquired a multifamily property located at 3061 Donnelly Drive in Lantana. The transaction, which took place on April 22, 2020, involved the purchase of a 172-unit apartment complex. The property was sold by Healthpeak Properties, with Thomas M. Herzog representing the seller. The purchase price for the asset was $12,350,000, resulting in a per unit price of $71,802.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,350,000
• Address: 3061 Donnelly Drive, Lantana
• Market: Lantana
• Units: 172
• Price per Unit: $71,802
• Buyer: Pacifica Companies
• Seller: Healthpeak Properties - Thomas M. Herzog

Pacifica Companies, led by its representative, completed the acquisition of the apartment complex from Healthpeak Properties. Thomas M. Herzog represented the seller in the transaction. The deal allows Pacifica Companies to expand its multifamily portfolio and strengthen its presence in the Lantana market.