Starwood Property Trust Acquires Multifamily Property In Miami For $371.1M
8125 & 8217 Southwest 2nd Avenue
MultiFamily
1,100 SF
1,100 SF
Sold 1 year ago
Summary
Barry Sternlicht has acquired two multifamily properties in Miami, marking the most expensive multifamily sale in South Florida this year. The properties, located at 8125 & 8217 SW 72nd Avenue, were sold by Mill Creek Residential for a total price of $371,100,000. The transaction involved a total of 844 units, with an average price per unit of $439,692.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $371,100,000
- Address: 8125 & 8217 SW 72nd Avenue, Miami
- Market: Miami
- Buyer: Starwood Property Trust - Barry Sternlicht
- Seller: Mill Creek Residential
- Units: 844
Barry Sternlicht, representing Starwood Property Trust, played a key role in the acquisition of these multifamily properties. This notable transaction highlights Sternlicht's involvement in the real estate market and showcases his continued interest in expanding his property portfolio.
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8125 & 8217 Southwest 2nd Avenue
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