The value of the 11-acre complex appreciated 45 percent in five years.
February 09, 2017 at 12:00 AM
1 minute read
A North Miami apartment complex owned by out-of-state companies for the past decade has changed hands to a Florida firm.
Avesta Communities LLC, a multifamily operator in Tampa, has pocketed the 396-unit Watermarke at Biscayne, paying $61.75 million for the six-building complex in a deal that closed at the end of January, according to Miami-Dade County property records.
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