Frontal Trust Investment Management Acquires Homestead Residential Portfolio For $22M

13244 Old Biscayne Drive, Homestead, FL, USA

$22,000,000

$17,670/SF

Building Size

1,245 SF

Asset Type

Other

Closing

Nov 1, 2021

AI

A residential portfolio in Homestead has been sold for $22,000,000. The portfolio includes three properties located at 13244 Old Biscayne Drive, 920 Northeast 33rd Terrace, and 1490 Northeast 33rd Avenue. The sale took place on 11/01/2021.

Summary of transaction details

Property Type: Residential Portfolio
Transaction Amount: $22,000,000
Market: Homestead

Frontal Trust Investment Management, represented by Luis Felipe San Martín, acquired the residential portfolio. The seller was Alta Developers, represented by Raimundo Onetto. Brad Williamson and Mitch Sinberg from Berkadia acted as the mortgage brokers for this transaction.

Players