Florida Inv | Jean Deglon
Related division sells Pembroke Pines rental complex for $87 million

Related division sells Pembroke Pines rental complex for $87 million

Adivision of The Related Group on Tuesday completed an $87 million sale of Town at Pembroke Pines, a 356-unit apartment complex at 10700 City Center Blvd.

Rockpoint Group, a Boston-based private equity firm, bought the complex from Related Development LLC.

Town at Pembroke Pines opened in 2016 with six residential buildings. Monthly rents for the one-, two- and three-bedroom units range from $1,500 to $2,500.

Amenities include a private movie theater, a boxing ring, demonstration kitchen, dog playground and volleyball, tennis and racquetball courts.

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Related division sells Pembroke Pines rental complex for $87 million  Adivision of The Related Group on Tuesday completed an $87 million sale of Town at Pembroke Pines, a 356-unit apartment complex at 10700 City Center Blvd.  Rockpoint Group, a Boston-based private equity firm, bought the complex from Related Development LLC.  Town at Pembroke Pines opened in 2016 with six residential buildings. Monthly rents for the one-, two- and three-bedroom units range from $1,500 to $2,500.  Amenities include a private movie theater, a boxing ring, demonstration kitchen, dog playground and volleyball, tennis and racquetball courts.  Read more …  http://www.sun-sentinel.com/real-estate/fl-bz-town-at-pembroke-pines-20170424-story.html  www.RSF-TRUST.com #RealtyServicesFlorida #JeanDeglon

Related division sells Pembroke Pines rental complex for $87 million


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