Miami developer CFH Group sells the 318-unit Sunset Palms complex for $121,000 per unit.
June 02, 2016 at 05:00 AM
1 minute read
A Miami developer scored a big profit after a one-year hold on Davie apartments.
CFH Group LLC purchased the Conquistador Apartments in May 2015 for $29.9 million and renamed them the Sunset Palms Apartments. A year later, the real estate company sold the 318-unit complex for $38.5 million, which produced a 29 percent gain. Thursday’s closing breaks down to about $121,000 per unit.
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