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Multifamily Development in Pompano Beach Sells for Over $42 Million

Apartment Lease-Up Experts recently announced that they brokered the $42.850,000 sale of The Meyers Group multifamily development, Avery Pompano Beach, to Canada-based Frankforter Group. Completed in 2019, the eight-story development with 144 luxury units is located at 275 North Federal Highway in Pompano Beach.

Sasha Ezquerra and Santiago Illia from Apartment Lease-Up Experts brokered the deal by tapping into their network of off-market buyers and sellers.

“We were able to secure this off-market sale due to our extensive experience leasing luxury multifamily residences in South Florida for the past 18 years, including such projects as EON Flagler Village, Falls at Marina Bay Fort Lauderdale, Atrium in downtown Miami and many others,” Illia says, president and founder of Apartment Lease-Up Experts, a real estate leasing firm. “In addition, we are the exclusive leasing company for Avery’s newest project, Avery Dania Pointe, which is currently at 100% capacity.”

Based in Montreal, Canada, Frankforter Group is a third-generation real estate investment and asset management firm with a focus on acquiring institutional grade multifamily and commercial real estate in Canada and the United States, with a proven track record of realized returns to investors led by an experienced team, with well over 40 years and $1.3 billion in transaction experience.

Frankforter Group’s U.S. broker, Lorne Gornitsky at KW Commercial, helped Apartment Lease-Up Experts facilitate this sale.

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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.