Oaktree Capital Management Acquires Property From Realty Associates Fund X LP For $81.5M In Fort Lauderdale

The 200 East Broward building is a 21-story Class A office tower located at 200 E Broward BLVD, Fort Lauderdale. The property encompasses a total area of 226,000 square feet and has been sold for a transaction amount of $81,500,000.00 in the Fort Lauderdale market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $81,500,000.00
• Buyer: Oaktree Capital Management
• Seller: Realty Associates Fund X LP
• Buyer’s Representatives: José Lobón (CBRE), Amy Julian (CBRE)
• Financing: $55.5 million mortgage from MetLife

This transaction involved a joint venture between Banyan Street Capital and Oaktree Capital Management. The sale marked the first major office sale in downtown Fort Lauderdale in months, with CBRE’s Christian Lee also playing a key role in arranging the sale and financing. Additionally, professionals from Colliers International South Florida participated in the deal, contributing to its successful closure.