Miami, Fl – Today SAR Apartment Capital, Tribeca Funds, and Artizen Development are announcing the successful acquisition of a 60-unit multifamily property located at 3800 NE 168 Street in North Miami Beach, Florida for US$ 6,500.000.
SAR Apartment Capital LLC is a multifamily investment firm based in Miami, Florida. With over $162 million in assets under management, the company is focused on major metropolitan statistical areas that demonstrate low vacancy, consistent rent growth, and a growing Real GDP.
SAR Apartment Capital is excited to present our third successful exit with the full sale of the Berkley Lakes community in Orlando, FL. The property was originally a timeshare hotel consisting of 102 townhomes.
Sar Apartment Capital and its partners identified the great potential for this acquisition given the pricing, strong demand for rental housing in the area, and the possibility of building additional units within the limits of the lot.
SAR Apartment Capital is announcing today the final sale of The Palazzo Townhomes, a 40-unit residential complex located in Jacksonville, Florida, for the sum of US$ 4,450.000.
SAR Apartment Capital identified an opportunity to double the unit count to 108 apartments by converting the oversized 4 bedroom/ 4 bathroom apartments into smaller, yet sizeable models.
