Tishman Speyer Acquires 270-Unit Multifamily At Broken Sound Boca Raton For $124.5M

The property involved in the transaction is located at 5500 Broken Sound Boulevard Northwest in Boca Raton. This multifamily asset spans 14 acres and contains a total of 270 units. It was sold for a transaction amount of $124,500,000, with a price per unit of $461,111 and a total square footage of 382,422, resulting in a price per square foot of $326.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $124,500,000
• Address: 5500 Broken Sound Boulevard Northwest
• Market: Boca Raton
• Acres: 14
• Units: 270
• Price Per Unit: $461,111
• Square Footage: 382,422
• Price Per Square Foot: $326
• Buyer: Nikita Rao - Tishman Speyer
• Seller: Lili F. Dunn - Bell Partners
• Brokers: Robert Given, Zach Sackley, Troy Ballard & Mike Mulkern - CBRE
• Lender: CBRE Multifamily Capital

Key individuals involved in the deal include Nikita Rao of Tishman Speyer as the buyer and Lili F. Dunn of Bell Partners as the seller. The transaction was facilitated by the brokerage team from CBRE, comprising Robert Given, Zach Sackley, Troy Ballard, and Mike Mulkern, while the financing for the acquisition was provided through a loan from CBRE Multifamily Capital.