CareCo Group Acquires 310-Unit Multifamily Property In Coral Springs For $75M

The multifamily property located at 790 Harbor Inn in Coral Springs has been sold in a closed transaction. The sale took place on June 26, 2020, for a total price of $75,000,000. The property consists of 310 units, with a price per unit (PPU) of $241,945. The buyer of the property is CareCo Group, while the seller is Copperline Partners – Robert & Jason Schlesinger.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $75,000,000
• Units: 310
• Price per Unit (PPU): $241,945
• Buyer: CareCo Group
• Seller: Copperline Partners – Robert & Jason Schlesinger

This transaction represents a significant investment in the Coral Springs market. The buyer, CareCo Group, and the seller, Copperline Partners – Robert & Jason Schlesinger, were the key individuals and companies involved in this deal. The sale of this multifamily property demonstrates ongoing activity and interest in the Coral Springs market's real estate sector.