Updated Oct 29, 2024
Grant Cardone's Cardone Capital Acquires South Florida Multifamily Portfolio For $740M
Florida, United States
$740,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 13, 2021
About this deal
AI
Grant Cardone, through his company Cardone Capital, has acquired a multifamily portfolio in South Florida for a sale price of $740,000,000. The portfolio consists of multiple multifamily properties.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $740,000,000
- Date: 12/13/2021
- Market: South Florida
- Buyer: Grant Cardone - Cardone Capital
This transaction marks a significant investment by Grant Cardone in the South Florida multifamily market. The acquisition of this multifamily portfolio demonstrates Cardone Capital's commitment to expanding its real estate holdings in the region.
On the Map
$740,000,000
MultiFamily
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Oxford MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93