Lincoln Property Company Acquires Multifamily Property In Boca Raton For $194M

A multifamily property located at 5400 Broken Sound Boulevard in Boca Raton has been sold for a total of $194,000,000. The property spans across approximately 11.5 acres and consists of 297 units, with each unit having an average price of $653,199.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $194,000,000
• Address: 5400 Broken Sound Boulevard, Boca Raton
• Market: Boca Raton
• Units: 297
• Price Per Unit: $653,199

Lincoln Property Company, represented by Tim Byrne, has acquired the property from Related Group, represented by Jon Paul Pérez, Jorge Pérez, and Rockpoint, represented by Bill Walton and Keith Gelb. The transaction was facilitated by brokers Robert Given and Zachary Sackley from Cushman & Wakefield.