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333 North University Drive

Peter Calatozzo Of Journey Capital Real Estate Partners Purchases Multifamily Asset In Plantation For $102M
SOLDMultiFamily

Peter Calatozzo Of Journey Capital Real Estate Partners Purchases Multifamily Asset In Plantation For $102M

333 North University Drive

$102,000,000

$179/SF

Building Size

569,779 SF

Asset Type

MultiFamily

Closing

Mar 19, 2025

AI

The property asset involved in the transaction is a MultiFamily complex located at 333 North University Drive in Plantation. The transaction was finalized for a total price of $102,000,000.00, encompassing 404 units across a total square footage of 569,779.0.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $102,000,000.00
  • Address: 333 North University Drive
  • Market: Plantation
  • Units: 404
  • Square Footage: 569,779.0
  • Buyer: Peter Calatozzo - Journey Capital Real Estate Partners
  • Seller: Tony Avila & Art Falcone - Encore Capital Management

This transaction involved key individuals and companies, including Peter Calatozzo representing Journey Capital Real Estate Partners as the buyer. The sellers, Tony Avila and Art Falcone, are associated with Encore Capital Management, marking their participation in this significant property deal.

Players

Peter Calatozzo

Journey Capital Real Estate Partners

Buyer

$375.5M

vol

6 deals

Buyer

Art Falcone

Encore Capital Management

Seller

$771.7M

vol

12 deals

Seller
 American General Life Insurance
American General Life InsuranceLender

Plantation MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.16%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93