Lurra Capital Purchases Queue Apartments In Fort Lauderdale For $59M

The Queue Apartments, a seven-story, 192-unit multifamily property located at 817 Southeast 2nd Avenue in Fort Lauderdale, were sold for $59,000,000. The property was acquired by Lurra Capital's real estate arm, Real Lurra, with monthly rents ranging from $2,300 to $3,075.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $59,000,000
• Units: 192
• Price Per Unit: $307,292
• Buyer: Tyron Birkmeir - Lurra Capital
• Seller: Gober Family Trust & Adam Walker - Boardwalk Properties
• Broker: Calum Weaver - CBRE
• Lender: American General Life Insurance

Notably, the Queue Apartments in downtown Fort Lauderdale were purchased by Lurra Capital, a Swiss firm, indicating their continued investment in South Florida's multifamily market. This transaction signifies a strategic move by Lurra to expand their real estate portfolio in the region, acquiring a well-leased property that aligns with their investment objectives.