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Altman Companies sells Boca Raton apartment community

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]The sale of Altman Companies’ Boca Raton apartment community bodes well for the profitability of its upcoming apartment projects.

The Altman Companies, which builds, develops and manages rental apartment communities recently sold Altís Boca Raton to a Miami-based real estate private equity fund.

“Altís Boca Raton is probably one of the finest developments we have ever built in the 52-year history of the company and I am proud of what we built,” Joel Altman, chairman and CEO of The Altman Companies told SFBW. “Altís Boca Raton will always be that special gem and this sale was a smashing success for us and our partners.”

The 398-unit community was developed in a joint venture with GID Real Estate Investments, a Massachusetts-based vertically integrated real estate developer, investor and operator. Altman is based in Florida and 50% owned by BBX Capital Real Estate.

“Over the past 50 plus years, we’ve developed and assembled a portfolio of apartment communities that have redefined the exceptional living experience in Florida and across the country,” Altman said in a release about the sale. “We are so proud of the new high standard that we established with the development of Altís Boca Raton.”

The midrise apartment community located at 5500 N. Military Trail is LEED-certified and offers one- two- and three-bedroom units ranging in size between 740 and 1,399 square feet. It is one of several communities under the Altís brand featuring resort-style amenities and high-touch services, which will serve as a standard for future projects.

“Altís Boca Raton was a new high watermark for our company and the success that we had with the development will naturally have us incorporate many of the wonderful features in future developments,” Atlman told SFBW.

Other Altís communities include Altís Pembroke Gardens, Altís Shingle Creek in Kissimmee, Altís Wiregrass Ranch in Wesley Chapel, Altís Promenade in Lutz, Altís Grand Central in Tampa and Altís Grand at The Preserve in Northwest Tampa. Altman is also planning Altís communities in Miramar, Little Havana, Ludlum Trail and Vineland Pointe near Orlando.[/vc_column_text][vc_empty_space][vc_gallery interval=”3″ images=”67616,67617,67618,67619″ img_size=”full” direction_nav=”yes” control_nav=”yes” pause_on_hover=”yes”][/vc_column][/vc_row]

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.