Praedium Group Acquires Manor Lantana Apartments In Lantana For $138M

Manor Lantana Apartments, a newly completed apartment complex in Lantana, Florida, has been sold by Related Group and Rockpoint for $138 million. The property, located at 861 Water Tower Way, consists of four buildings and 348 units. It is situated in the Lantana market.

Summary of transation details

• Property Type: MultiFamily
• Transaction Amount: $138,000,000
• Units: 348
• Price Per Unit: $396,552
• Buyer: Praedium Group - Russell Appel
• Seller: Related Group & Rockpoint
• Date: 06/20/2023

Praedium Group, represented by Russell Appel, acquired Manor Lantana Apartments from the seller, Related Group and Rockpoint. The deal signifies a significant transaction in the Lantana market and highlights the involvement of prominent real estate entities.