The South Florida multifamily market continues to attract significant investment, with well-resourced buyers targeting this popular region.
This week, Property Reserve, the investment arm of the Church of Jesus Christ of Latter-day Saints based in Salt Lake City, purchased a newly constructed multifamily property in Plantation for $133 million.
Named The Ellsworth, this eight-story complex includes 315 units located at 1301 and 1303 Southwest 80th Terrace, near the intersection of I-595 and South University Drive. The purchase price averages approximately $422,000 per unit.
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By Proptechbuzz
By Ravi Kumar