Miami real estate investment firm SAR Apartment Capital LLC acquired a
distressed 434 units in Atlanta, Georgia for $20,200,000 at $46,500 a door.
Property is divided into two different assets; Brentwood Creek with 238 units and
Brentwood Heights 196 units .
The founders of SAR Apartment Capital, Sam Jazayri, Abiel Ballesteros and Rene Sanchez, sold 519 units in Decatur, GA for $29,900,000. The firm invested $10,000,000 to renovate the interior and exterior of the property, as the property was originally purchased distressed with an 80% vacancy for $3,100,000 in 2013.
Ballesteros, Jazayri, and Sanchez searched throughout the Midwest market for class C apartments that would have a high return and purchased Forest Creek and Sharon Wood.
A Miami-based real estate investment firm bought the 41-unit Cypress Heights apartments Aug. 4 for $2.81 million. Concession Management LLC, through Palazzo Jacksonville LLC, is led by Abiel Ballesteros, Sam Jazayri and Rene Sanchez. It paid $68,536 per unit for the property at 6650 103rd St. in West Jacksonville. Cypress Heights, formerly the Windy Pines […]
A Pembroke Park-based real estate investment firm bought 41 multifamily units comprising 18 single-family, duplex and triplex properties for
A group of investors has acquired a 103-unit apartment portfolio in Miami’s Little Havana, with plans to upgrade the properties
A former Fulton County Schools Administration Center will be converted into Space Shop self-storage, plus retail, restaurants or other commercial spaces. Space Shop and Eden Rock Real Estate Partners are planning the project. The Administration Center, a three-story, 100,829-square-foot site at 786 Cleveland Ave., is in the Hammond Park neighborhood of Atlanta, GA, bordering East Point. Source: What Now Atlanta Planned Florida […]
A self-storage facility will soon rise along Interstate 595 in Davie after a developer obtained a $13 million construction loan. Valley National Bank (NYSEL VLY) awarded the mortgage to Prestige Duke JV II LLC, a Pembroke Park-based company managed by Sam Jazayri. It covers the 6.4-acre site at the southwest corner of State Road 84 and Bright Road. […]
Florida investor Sam Jazayri, known for redeveloping Oakland Park’s culinary arts district, just scored $13 million to build a self-storage complex in Davie. Jazayri is working with More Space Storage to build five self-storage buildings on a nearly 5-acre lot on the southwest corner of State Road 84 and Bright Road. More Space Storage manager […]
Erick Vargas unexpectedly stumbled upon a rare real estate offering while on the hunt for a personal investment.