519 Units Acquisition by Miami Real Estate SAR Apartment Capital LLC

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.

Miami real estate investment firm pays $2.8 million for Cypress Heights apartments

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 […]

The Roll Up: Weekly Self-Storage Development Round Up 3.28.18

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 […]

Developer obtains $13M loan to build self-storage facility in Broward

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. […]

Investor and self-storage developer plan Davie complex

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 […]


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