Union Investment Acquires Property At 421 NE 6th St Fort Lauderdale For $226.5M With Seller's Reps Kaya Robert Suarez And Greg Engler

The sale involves a high-rise apartment complex known as EON Squared, located at 421 NE 6th St, Fort Lauderdale, FL. The transaction was valued at $226,500,000. The property does not have specified square footage but includes a total of 476 units across two towers, which are part of a luxury development in Fort Lauderdale's Flagler Village submarket.

Summary of transaction details:

• Property Type: Apartment Complex
• Transaction Amount: $226,500,000.00
• Address: 421 NE 6th St, Fort Lauderdale, FL
• Buyer: Union Investment
• Seller's Representative: Kaya Robert Suarez-Walker & Dunlop, Greg Engler-Engler Realty Advisors
• Seller: Alta Developers
• Property Units: 476

Walker & Dunlop acted as the broker and advisor for this transaction, with key team members including Still Hunter, Greg Engler, and Kaya Suarez. Union Investment, acquiring their first U.S. multifamily assets, expressed enthusiasm about the purchase, highlighting the significant rental growth in Fort Lauderdale and the appeal of the Flagler Village area.