SOLD
Barry Sternlicht's Starwood Capital Group Acquires Lake Worth Multifamily For $16M
2738 Lantana Road & 2735 Donnelly Drive
MultiFamily
Sold 1 year ago
Summary
Sale
FLORIDA
MultiFamily
Barry Sternlicht, the founder of Starwood Capital Group, has acquired a multifamily property in Lake Worth. The property is located at 2738 Lantana Road and 2735 Donnelly Drive and spans approximately 8 acres. The transaction, which took place on August 25, 2022, involved a sale between Equity Management Partners, represented by Benjamin Mallah, and Barry Sternlicht.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $16,000,000
- Address: 2738 Lantana Road & 2735 Donnelly Drive
- Market: Lake Worth
- Acres: 8
Barry Sternlicht, through Starwood Capital Group, financed the acquisition with the help of CBRE Capital Markets. The property consists of 94 units, and the price per unit is approximately $170,213.
Players
All
1
Lenders
1
Details
SOLD
IMAGE: Barry Sternlicht
DATE: 08/25/2022
ADDRESS: 2738 Lantana Road & 2735 Donnelly Drive
MARKET: Lake Worth
ASSET TYPE: Multifamily ~ ACRES: 8
BUYER: Barry Sternlicht (@BSternlicht1) - Starwood Capital Group
SELLER: Equity Management Partners - Benjamin Mallah (@RealBenMallah)
LENDER: CBRE Capital Markets (@CBRE)
SALE PRICE: $16,000,000
UNITS: 94 ~ PPU: $170,213View on map
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Address2738 Lantana Road & 2735 Donnelly Drive
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