facebook
Traded Co logo
Submit
Daily limit: 0/10

Bob Faith Of Greystar Acquires Multifamily Asset In Hialeah For $93.5 Million

Property Image
SOLD
$93,500,000
Bob Faith
William (Bill) Huffman

Florida

See Similar Deals
MultiFamily
Sold 07/18/2025
the dealplayerscompscontact
Property Image
SOLD

Bob Faith Of Greystar Acquires Multifamily Asset In Hialeah For $93.5 Million

6290 Northwest 173rd Street

See Similar Deals
MultiFamily
Sold 07/18/2025
Bob Faith
William (Bill) Huffman
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

The property asset involved in this transaction is a multifamily development located at 6290 Northwest 173rd Street in Hialeah. The total area of the asset is 12.09 acres, and it features 358 residential units. The sale price for the property was $93,500,000, translating to a price per unit of $261,173.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $93,500,000
  • Units: 358
  • Price Per Unit: $261,173
  • Seller: Bill Huffman - Nuveen
  • Buyer: Bob Faith - Greystar
  • Lender: Walker & Dunlop
  • Loan Amount: $65.45 million
  • Previous Sale Price by Nuveen in 2018: $71.3 million

Key individuals involved in the transaction include Bill Huffman, representing the seller Nuveen, and Bob Faith, representing the buyer Greystar. This acquisition involved a strategic move to rebrand the property as Avana at the Moors following its purchase.

Players

Bob Faith
Greystar
Bob Faith
27 deals$2.4B volume
BUYER
William (Bill) Huffman
Nuveen
William Huffman
24 deals$2B volume
SELLER
Walker & Dunlop
Walker & Dunlop
LENDER

Details

SOLD
IMAGE: Bill Huffman & Bob Faith DATE: 07/18/2025 ADDRESS: 6290 Northwest 173rd Street MARKET: Hialeah ASSET TYPE: Multifamily ~ ACRES: 12.09 BUYER: Bob Faith - Greystar (@GreystarApartments) SELLER: Bill Huffman - Nuveen (@Nuveeninv) LENDER: Walker & Dunlop (@WalkerDunlop) SALE PRICE: $93,500,000 UNITS: 358 ~ PPU: $261,173 NOTE: Greystar acquired the 358-unit Latitudes at the Moors near Hialeah for $93.5 million, or $261K per unit, and rebranded it as Avana at the Moors. Walker & Dunlop arranged a $65.45 million loan for the deal, which marks a value gain from Nuveen’s $71.3 million purchase in 2018.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,986,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$332,185.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$443,237.70
Annual Debt Service$5,318,852.42