Multifamily Development in Pompano Beach Sells for Over $42 Million
Apartment Lease-Up Experts exclusively executed the off-market sale
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.