Eric Wiener, Andrew Wiener & David Wiener Of MAXX Properties Acquire Multifamily Asset In Plantation For $70M

The property asset involved in the transaction is located at 6901 West Sunrise Boulevard in the Plantation market. It is a multifamily asset spanning 10.2 acres, featuring a total of 250 units. The sale price for this property was $70,000,000, equating to a per-unit price of $280,000. The units within the property range from one to three bedrooms, with sizes between 720 and 1,354 square feet, and rental prices varying from $1,980 to $2,779. Amenities offered include a pool, fitness center, clubhouse, and playground.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $70,000,000
• Address: 6901 West Sunrise Boulevard
• Market: Plantation
• Units: 250
• Price Per Unit: $280,000
• Acres: 10.2
• Buyer: Eric Wiener, Andrew Wiener & David Wiener - MAXX Properties
• Seller: Lili F. Dunn - Bell Partners
• Lender: CBRE Multifamily Capital

Key individuals in the transaction include Eric Wiener, Andrew Wiener, and David Wiener representing MAXX Properties as the buyers, while Lili F. Dunn acted as the seller representing Bell Partners. The acquisition was financed through a mortgage of $55.1 million from CBRE Multifamily Capital. Following the transaction, the property will be rebranded as The Ellery.