Monday, January 28, 2013

Ft Lauderdale Apartment Building sells for more than $100 million.

Port Royale Apartments
Fort Lauderdale, FL
Port Royale Vistas apartments have sold to a private trust in the amount of $117 million or $159,000/unit.  The waterfront apartment buildings located in Northeastern Fort Lauderdale, consist of 737 units.  This expensive real estate transfer is yet another indicator of the strong rebound of the local market.

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