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
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