Barry Sternlicht's Starwood Capital Group Acquires Multifamily Portfolio In Fellsmere, Sanford, Lake Worth & Lakeland For $91.75M

53, 70 Sonrise Place, 100 Willner Circle, 2730 Lantana Road & 915 Quincy Street

MultiFamily

Sold 1 year ago

Summary

Sale

FLORIDA

MultiFamily

The multifamily properties located at 53, 70 Sonrise Place, 100 Willner Circle, 2730 Lantana Road, and 915 Quincy St have been sold in a recent transaction in Fellsmere, Sanford, Lake Worth, and Lakeland. The sale was facilitated by Marcus & Millichap.

Summary of transaction details:

Property Type: Multifamily
Sale Price: $91,750,000
Units: 668
Price per Unit (PPU): $137,350

Starwood Capital Group, led by Barry Sternlicht, has acquired the properties from Benjamin Mallah of Equity Management Partners.

Details

Deal Summary

SOLD

IMAGE: Barry Sternlicht DATE: 09/13/2022 ADDRESS: 53, 70 Sonrise Place, 100 Willner Circle, 2730 Lantana Road & 915 Quincy St MARKET: Fellsmere, Sanford, Lake Worth & Lakeland ASSET TYPE: Multifamily BUYER: Starwood Capital Group - Barry Sternlicht (@BSternlicht1) SELLER: Benjamin Mallah (@BenjaminMallah) (@RealBenMallah)- Equity Management Partners BROKER: Marcus & Millichap (@MarcusMillichap_NY) SALE PRICE: $91,750,000 UNITS: 668 ~ PPU: $137,350

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Address53, 70 Sonrise Place, 100 Willner Circle, 2730 Lantana Road & 915 Quincy Street

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