JRK Property Holdings Acquires Multifamily Asset From Lerner Residential For $72.44M In Miami

The multifamily asset located at 8400 South Dixie Highway in the Miami market has been sold for a price of $72,440,000. Spanning 266,000 square feet, the property consists of 294 units, resulting in a per unit price of $246,395 and a price per square foot of $272.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $72,440,000
• Units: 294
• Square Footage: 266,000
• Price Per Unit: $246,395
• Price Per Square Foot: $272
• Buyer: JRK Property Holdings
• Seller: Lerner Residential
• Brokers: Omar Morales, Jaret Turkell & Yoav Yuhjtman - Berkadia

The transaction involved JRK Property Holdings as the buyer and Lerner Residential as the seller, facilitated by brokers Omar Morales, Jaret Turkell, and Yoav Yuhjtman, who represented the involved parties in this deal.