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.
SAR Apartment Capital Acquires 194 units in Columbus, Ohio for $8.3M
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.
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 […]
Pembroke Park real estate group buys Monroe Manor
A Pembroke Park-based real estate investment firm bought 41 multifamily units comprising 18 single-family, duplex and triplex properties for
Amid rising demand, investors acquire apartment portfolio in Little Havana
A group of investors has acquired a 103-unit apartment portfolio in Miami’s Little Havana, with plans to upgrade the properties
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 […]
Real Estate Broker Stumbles Upon Rare 35 Property Portfolio In Miami
Erick Vargas unexpectedly stumbled upon a rare real estate offering while on the hunt for a personal investment.
LOCAL INVESTOR CLOSES ON 35-PARCEL PORTFOLIO IN SOUTH-DADE
Kurz Real Estate’s Erick Vargas Represented the Buyer in the Sale of 1960s Family-Owned Rental Property Portfolio