Jordan E. Slone Of Harbor Group International Acquires Emerald Palms Apartments For $109M

The Emerald Palms Apartments, a multifamily property, was acquired for $109 million, translating to approximately $215,842 per unit. This complex spans 528,142 square feet and is situated on a 28.25-acre site at 12300 Southwest 151st Street in Miami, FL.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $109,000,000
• Units: 505
• Price Per Unit: $215,842
• Square Footage: 528,142
• Price Per Square Foot: $206
• Buyer: Jordan E. Slone - Harbor Group International
• Seller: Jeffrey L. Goldberg & Robert Landin - The Milestone Group
• Lender: Berkeley Point Capital

Jordan E. Slone represented Harbor Group International in this transaction, while Jeffrey L. Goldberg and Robert Landin represented The Milestone Group. Affiliates of Harbor Group International secured a $97 million mortgage as part of the purchase. The Emerald Palms Apartments last changed hands for $107 million in 2021.