Abacus Capital Group Acquires Multifamily Property In Plantation For $125.4M

Abacus Capital Group has acquired a multifamily property located at 8000 Cleary Boulevard in Plantation. The transaction, which took place on September 3, 2021, involved the sale of this 11.7-acre property by Lincoln Property Company.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $125,400,000
• Address: 8000 Cleary Boulevard
• Market: Plantation
• Acres: 11.7
• Price Per Acre: $10,717,949
• Buyer: Abacus Capital Group - Ben Friedman
• Seller: Lincoln Property Company
• Units: 376
• Price Per Unit: $333,511

Ben Friedman represented Abacus Capital Group in the transaction as their broker representative. This significant transaction demonstrates Abacus Capital Group's investment strategy in the multifamily sector and their confidence in the Plantation market.