The 316-unit Park Colony apartment complex in Hollywood has sold for $41.5 million. A company managed by Andrew DeFrancesco, the Canadian founder, chairman and CEO of Fort Lauderdale-based private equity and merchant banking firm Delavaco Capital Inc., is the buyer.
February 15, 2013 at 12:00 AM
1 minute read
The 316-unit Park Colony apartment community west of the Orangebrook Golf & Country Club has sold for $41.5 million to a Canadian investor, according to Broward County property records.
A company managed by Andrew DeFrancesco, the founder, chairman and CEO of Fort Lauderdale-based private equity and merchant banking firm Delavaco Capital Inc., bought the complex at 812 S. Park Road. DeFrancesco-managed Park Colony LLC obtained a $31.79 million loan from Walker & Dunlop LLC for the acquisition.
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