Russ Urban And Larry Korman Acquire Multifamily Property In Downtown West Palm Beach For $84M

The multifamily property located at 695 S Olive Ave in Downtown, West Palm Beach has been sold for a total price of $84,000,000. The transaction took place on 04/06/2022. The property consists of 217 units, with a price per unit of $387,097. The total square footage of the property is 90,000, resulting in a price per square foot of $933. The buyer in this deal is Russ Urban from Electra Hospitality Group and Larry Korman from Korman communities. The seller is Josh Haywood.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $84,000,000
• Address: 695 S Olive Ave
• Market: Downtown, West Palm Beach
• Units: 217
• Price Per Unit: $387,097
• Square Footage: 90,000
• Price Per Square Foot: $933

Russ Urban from Electra Hospitality Group and Larry Korman from Korman communities acted as the buyers in this transaction. They were represented by their respective broker representatives.