Laurent Morali Of Kushner Companies Acquires Multifamily Asset From Wes Powell For $190M

Located at 555 Northeast 34th Street in Miami, this multifamily asset encompasses 276 units with a total square footage of 378,990. The sale was completed for $190,000,000, resulting in a price per unit of $688,405 and a price per square foot of $501.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $190,000,000
• Units: 276
• Square Footage: 378,990
• Price Per Unit: $688,405
• Price Per Square Foot: $501
• Buyer: Laurent Morali - Kushner Companies
• Seller: Wes Powell - Aimco
• Brokers: Still Hunter & Kaya Robert Suarez - Walker & Dunlop
• Transaction Date: 12/18/2024

The transaction was facilitated by brokers Still Hunter and Kaya Robert Suarez from Walker & Dunlop, representing both the buyer and seller in this multifamily property deal, highlighting the collaboration between the involved parties in executing the transaction efficiently.