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

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.