Morgan Properties Acquires Multifamily Portfolio In West Palm Beach For $132.5M

Three multifamily properties located at 1441, 1651, and 2111 Brandywine Road in West Palm Beach have been sold in a recent transaction. The buyer of these properties is Morgan Properties, while the seller is the Northland Investment Corporation.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $132,500,000
• Units: 622
• Price Per Unit: $213,023

Leading the transaction were brokers Jaret Turkell, Roberto Pesant, Omar Morales, and Jose Mota from Berkadia.

This sale marks a significant deal in the West Palm Beach market, with three multifamily properties changing ownership. The buyer, Morgan Properties, has added these properties to their portfolio, while the seller, the Northland Investment Corporation, has completed this transaction for an impressive sale price of $132,500,000. The brokers, Jaret Turkell, Roberto Pesant, Omar Morales, and Jose Mota, played a crucial role in facilitating the deal between the buyer and the seller.