Dermot Company Acquires Multifamily Property In Boynton Beach For $143M

The multifamily property located at 3501 North Federal Highway & 3480 Old Dixie Highway in Boynton Beach has been sold for a price of $143,000,000. The property consists of 456 units, with a price per unit of $313,596.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $143,000,000
• Units: 456
• Price Per Unit: $313,596
• Address: 3501 North Federal Highway & 3480 Old Dixie Highway, Boynton Beach

The buyer of the property is Dermot Company, represented by Stephen Benjamin of Dermot Company. The seller of the property is Heitman Capital Management.