Olen Properties Acquires Multifamily Property In Palm Beach Gardens For $80M

Located in Palm Beach Gardens, the multifamily property at 4045 Central Gardens Way has been sold for $80,000,000. The transaction took place on December 14, 2020. The property comprises 224 units, resulting in a price per unit of $357,143. The buyer of the property is Olen Properties, represented by Igor Olenicoff. On the other hand, the seller is Northwestern Mutual, represented by John Schlifske. The deal was facilitated by brokers Still Hunter, Greg Engler, and Kaya Suarez from Walker & Dunlop.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $80,000,000
• Address: 4045 Central Gardens Way, Palm Beach Gardens
• Market: Palm Beach Gardens
• Buyer: Olen Properties - Igor Olenicoff
• Seller: Northwestern Mutual - John Schlifske
• Brokers: Still Hunter, Greg Engler, & Kaya Suarez - Walker & Dunlop
• Units: 224
• Price Per Unit: $357,143

Igor Olenicoff is the representative of Olen Properties in this transaction, while John Schlifske represents Northwestern Mutual. The involvement of Still Hunter, Greg Engler, and Kaya Suarez from Walker & Dunlop as brokers facilitated the successful completion of the deal.