David Schwartz Of Waterton Acquires Landings At Pembroke Lakes Multifamily For $80.52M

The multifamily asset at 10650 Washington Street in Pembroke Pines, FL encompasses 26.6 acres and includes 358 units. The property was sold for $80,520,000, equating to a price per unit of $224,916. Originally constructed in 1989, this apartment community was acquired by the buyer from an affiliate of Bar Invest Group.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $80,520,000
• Address: 10650 Washington Street
• Market: Pembroke Pines, FL
• Units: 358
• Price Per Unit: $224,916
• Seller: Jacques Barbera - Bar Invest Group
• Buyer: David Schwartz - Waterton
• Acreage: 26.6

Waterton Residential has successfully acquired the apartment community known as Landings at Pembroke Lakes. The seller previously purchased the property in 2021 for $79.5 million. The transaction represents a strategic move in the multifamily market by both parties involved.