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Florida, United States

Grant Cardone's Cardone Capital Acquires South Florida Multifamily Portfolio For $740M
SOLDMultiFamily

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

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.

Players

Grant Cardone

Cardone Capital

Buyer

$2.1B

vol

10 deals

Buyer

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