Cortland Acquires Deerfield Beach Multifamily For $70M

Cortland has acquired a multifamily property located at 67 SW 12th Avenue in Deerfield Beach. The transaction took place on June 10, 2021, with Ram Realty Advisors as the seller. The property consists of 226 units and was sold for a total price of $70,000,000, resulting in a per unit price of $309,735.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $70,000,000
• Address: 67 SW 12th Avenue
• Market: Deerfield Beach
• Buyer: Cortland
• Seller: Ram Realty Advisors
• Brokers: Still Hunter, Greg Engler & Kaya Suarez - Walker & Dunlop
• Units: 226
• Per Unit Price: $309,735

Noteworthy individuals involved in the deal include Still Hunter, Greg Engler, and Kaya Suarez from Walker & Dunlop, who represented both the buyer and seller in the transaction.