Nuveen Real Estate Acquires Multifamily Property In Miami From Pinnacle And Ascend Properties For $98M

The multifamily property located at 6600 NW 7th St in Miami has been sold for a total price of $98,000,000. The transaction took place on September 16, 2021. The property consists of 272 units, with an average price per unit of $360,294.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $98,000,000
• Address: 6600 NW 7th St
• Market: Miami

The buyer of the property is Nuveen Real Estate, represented by Carlos Burneo. The seller includes Pinnacle, represented by David O. Deutch, and Ascend Properties, represented by Richard Finkelstein and Michael Wohl. The deal was facilitated by a team of brokers from Cushman & Wakefield, including Robert Given, Troy Ballard, Zachary Sackley, and Mike Mulkern.