Lincoln Avenue Communities Acquires Multifamily Property From Haven Communities For $19.5M In Immokalee

The transaction involved a multifamily asset located at 580 Oakhaven Circle in Immokalee, FL. The sale was completed for a total of $19,500,000. This property consists of 160 units, providing a purchase price per unit of $121,875. The total square footage of the asset is 137,200, resulting in a price per square foot of $142.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $19,500,000
• Units: 160
• Purchase Price Per Unit: $121,875
• Total Square Footage: 137,200
• Price Per Square Foot: $142
• Buyer: Lincoln Avenue Communities
• Seller: Haven Communities
• Broker Representatives: Michael Schattner & Jonathan Brody - Base Realty Group

In this deal, Lincoln Avenue Communities acted as the buyer while Haven Communities served as the seller. The transaction was facilitated by Michael Schattner and Jonathan Brody from Base Realty Group, representing their respective parties in this multifamily asset sale.