The CaraCo Group Of Companies Acquires Eden West Multifamily Property In Tamarac, Florida For $73M

The CaraCo Group of Companies has acquired the Eden West multifamily property in Tamarac, Florida. The purchase price for this property was $73 million, and The CaraCo Group of Companies secured a $50 million acquisition loan from Sound Point Capital Management. The property is located at 8601 W McNab Road, near Everglades National Park. It sits on a 6.24-acre parcel of land and consists of 212 units. With a price per unit of $344,340, this acquisition marks a significant transaction in the Tamarac market.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $73,000,000
• Address: 8601 West Mcnab Road
• Market: Tamarac
• Acres: 6.24
• Buyer: The CaraCo Group of Companies - Gennaro DiSanto
• Seller: Foundation Capital Partners - David Steinberg; Eden Multifamily - Jay Jacobson
• Lender: Sound Point Capital - Stephen Ketchum
• Units: 212
• Price Per Unit: $344,340

This deal was made possible through the representation of Gennaro DiSanto from The CaraCo Group of Companies as the buyer. David Steinberg from Foundation Capital Partners and Jay Jacobson from Eden Multifamily acted as the sellers. Stephen Ketchum from Sound Point Capital played a key role as the lender, providing the $50 million acquisition loan. The acquisition of the Eden West property adds a notable asset to The CaraCo Group of Companies' portfolio in the Tamarac market.