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American Landmark Acquires 729-Unit Multifamily Property In Miramar, FL And Fort Worth, TX With $177.3M Loan

11575 City Hall Promenade & 401 Hemphill Street
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This MultiFamily property located in FL received a loan of $177,251,954 over 1 year ago. The brokers of the deal were Henry Stimler, William (Bill) Weber, Matthew (Matt) Mense, and Ari Schwartzbard

American Landmark has acquired a multifamily property consisting of 729 units located in Miramar, FL and Fort Worth, TX. The property, situated at 11575 City Hall Promenade and 401 Hemphill St respectively, has been purchased through an acquisition loan.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $177,251,954
  • Date: 07/06/2022
  • Market: Miramar, FL & Fort Worth, TX
  • Units: 729

Newmark facilitated the acquisition deal, with brokers Henry Stimler, Bill Weber, Matt Mense, and Ari Schwartzbard representing the buyer.

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Deals
  • Location
    11575 City Hall Promenade, Miramar, Florida 33025, United States11575 City Hall Promenade, Miramar, Florida 33025, United States
  • Loan Value
    $177,251,954$177,251,954
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Matthew (Matt) Mense

Matthew (Matt) Mense

Deals7
Financed$482.8M

Henry Stimler

Henry Stimler

Deals22
Financed$1.3B

Ari Schwartzbard

Ari Schwartzbard

Deals8
Financed$517.3M

William (Bill) Weber

William (Bill) Weber

Deals19
Financed$2.4B

Agency

Newmark

Newmark

Agency
Deals3893
Volume$397.4B

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Deal Summary

LOAN IMAGE: Henry Stimler, Bill Weber, Matt Mense & Ari Schwartzbard DATE: 07/06/2022 ADDRESS: 11575 City Hall Promenade & 401 Hemphill St MARKET: Miramar, FL & Fort Worth, TX ASSET TYPE: Multifamily ~ UNITS: 729 LANDLORD: American Landmark BROKERS: Henry Stimler (@HenryStimler), Bill Weber, Matt Mense & Ari Schwartzbard - Newmark LOAN AMOUNT: $177,251,954 LOAN TYPE: Acquisition LOAN TERMS: 5 Year Fix

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11575 City Hall Promenade & 401 Hemphill Street

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