Jay Shidler's Shidler Group Acquires Fort Lauderdale Multifamily For $108.3M

The multifamily property located at 420 SW 27th Avenue in Fort Lauderdale has been sold. The property spans across 6.3 acres and was purchased by Jay Shidler of Shidler Group. The seller of the property was Morgan Group. The transaction took place on 03/30/2022. The sale price for the property was $108,300,000. The property consists of 276 units with a price per unit of $392,391. The lender involved in the transaction was Webster Bank.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $108,300,000
• Address: 420 SW 27th Avenue, Fort Lauderdale
• Market: Fort Lauderdale
• Buyer: Jay Shidler - Shidler Group
• Seller: Morgan Group
• Lender: Webster Bank
• Units: 276
• Price per Unit: $392,391

Jay Shidler, representing the Shidler Group, acted as the buyer in this transaction. The involvement of the Shidler Group indicates their interest in expanding their portfolio in the multifamily market in Fort Lauderdale.