Lee Rosenthal Of West Shore Purchases Multifamily Complex From David Vecchitto For $117.9M

The transaction involves a 542-unit multifamily apartment complex located at 4120 Union Square Boulevard in Palm Beach Gardens, encompassing 21.3 acres. The property, known as The Turnbury at Palm Beach Gardens, was sold for $117.9 million. The complex has a total square footage of 524,755, translating to a price per unit of $217,528 and a price per square foot of $225.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $117,900,000
• Buyer: Lee Rosenthal - West Shore
• Seller: David Vecchitto - Advenir
• Lender: Citi Real Estate Funding
• Units: 542
• Acres: 21.3
• Square Footage: 524,755
• Price Per Unit: $217,528
• Price Per Square Foot: $225

Lee Rosenthal represents West Shore in the acquisition, while David Vecchitto represents Advenir in the sale. Citi Real Estate Funding was involved providing a mortgage covering multiple properties linked to this transaction.