Jordan E. Slone Of Harbor Group International Acquires Multifamily Asset In Plantation For $69.2M

The transaction involves the sale of a multifamily asset located at 7616 Northwest 5th Street in Plantation. The property spans 20.6 acres and includes 372 units, comprising one- and two-bedroom apartments. The total sale price was $69.2 million, resulting in a price per unit of $186,022. The property features amenities such as pools, fitness, and recreation facilities.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $69,200,000
• Buyer: Jordan E. Slone - Harbor Group International
• Seller: Wes Powell - AIMCO
• Units: 372
• Assumed Loan Amount: $60.13 million
• Loan Type: Fannie Mae
• Loan Rate: 4.62% fixed
• Asset Size: 20.6 acres

Jordan E. Slone represented Harbor Group International in this acquisition from Wes Powell representing AIMCO. The deal highlights a strategic expansion for Harbor Group International into the multifamily market in Plantation.