|
|
Article: CFH Group Adds 460 Units to Portfolio with Island Club and Dunes Apartment Homes.
- Article from:
- Real Estate Weekly News
- Article date:
- November 6, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CFH Group, a Miami-based real estate development and management company, announced that it has completed the acquisition of two properties on the East Coast of Florida, adding 460 units to its wide portfolio of residential properties. The seller for both properties was AIMCO, a real estate investment trust headquartered in Denver, Colorado with a diversified portfolio of apartment communities.
Tomas Cabrerizo and Sheldon Lowe purchased Island Club Apartments, a 260-unit rental community located on Atlantic Avenue in Pompano Beach, for $18.7 million, or $71,900 per unit. Financing was provided by SunTrust Bank. The property, which is currently 96 percent occupied, ...