Frankforter Group Acquires 420-Unit Multifamily In Lauderdale Lakes For $102.9M

Atlantic | Pacific Companies, Atlantic Cypress Creek LLC, and Rockpoint Group have sold a multifamily property in Lauderdale Lakes. The property, located at 3700 Pacific Point Place, was purchased by the Frankforter Group.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $102,900,000
• Units: 420
• Price per Unit: $245,000
• Seller: Atlantic | Pacific Companies, Atlantic Cypress Creek LLC, Rockpoint Group
• Buyer: Frankforter Group

The sale of this property was facilitated by Chris Conklin from Walker & Dunlop and Daniel Kaweblum from FM Capital.