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Michael R. Haggerty And James O. Buckingham Purchase San Merano At Mirasol Apartments For $193M

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SOLD
$193,000,000

Florida

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MultiFamily621,404 SF
Sold 10/24/2025
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Property Image
SOLD

Michael R. Haggerty And James O. Buckingham Purchase San Merano At Mirasol Apartments For $193M

99 Portofino Drive

See Similar Deals
MultiFamily621,404 SF
Sold 10/24/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$310
Total Square Footage:621,404 SF
Transaction Type:Sale

The property asset involved in the transaction is located at 99 Portofino Drive in Palm Beach Gardens. This multifamily asset spans 30 acres and comprises 476 units. The total square footage of the property is 621,404. The sale concluded at a price of $193,000,000, resulting in a price per unit of $405,462 and a price per square foot of $311.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $193,000,000
  • Units: 476
  • Price per Unit: $405,462
  • Square Footage: 621,404
  • Price per Square Foot: $311
  • Buyer: Michael R. Haggerty & James O. Buckingham - TA Realty
  • Seller: Stephen A. Schwarzman & Jonathan Gray - Blackstone
  • Market: Palm Beach Gardens
  • Loan Assumed: $108.55 million CMBS loan from U.S. Bank

The deal involved key individuals Michael R. Haggerty and James O. Buckingham representing TA Realty as buyers. The sellers, Stephen A. Schwarzman and Jonathan Gray, are affiliated with Blackstone. LivCor, Blackstone’s multifamily arm, facilitated the transaction as the seller of the 476-unit San Merano at Mirasol Apartments.

Players

TA Realty
TA Realty
BUYER
TA Realty
TA Realty
BUYER
Blackstone
Blackstone
SELLER

Details

SOLD
IMAGE: Jonathan Gray, Stephen A. Schwarzman, James O. Buckingham & Michael R. Haggerty DATE: 10/24/2025 ADDRESS: 99 Portofino Drive MARKET: Palm Beach Gardens ASSET TYPE: Multifamily ~ ACRES: 30 BUYER: Michael R. Haggerty & James O. Buckingham - TA Realty SELLER: Stephen A. Schwarzman & Jonathan Gray - Blackstone (@Blackstone) SALE PRICE: $193,000,000 UNITS: 476 ~ PPU: $405,462 SF: 621,404 ~ PPSF: $311 NOTE: An affiliate of Blackstone sold the 476-unit San Merano at Mirasol Apartments in Palm Beach Gardens to TA Realty for $193 million, or about $405,000 per unit. The buyer assumed a $108.55 million CMBS loan from U.S. Bank, with LivCor, Blackstone’s multifamily arm, serving as the seller.

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