TA Realty buys pays $135m for Doral, FL apartments

TA Realty buys pays $135m for Doral, FL apartments

Published at: 2017-11-06 15:38 | Author: CIJ USA
The Manor CityPlace Apartments in Doral, Florida has been sold to TA Realty, a private real estate investment firm, for $135 million. The 398-unit community is located on a 5.7 acre site within walking distance of the CityPlace Doral, a 55-acre retail center. Built in 2014, the six-story multifamily complex traded for just over $339,195 per unit. The property's resort-style community amenities include a waterfall jacuzzi, a game room, private movie theater, yoga studio, virtual spinning room, and cyber lounge with coffee bar. Walker & Dunlop Investment Sales team of Roberto Pesant and Chris Conklin represented the seller, The Related Group. Roberto Pesant stated, "The transaction represents a unique opportunity to acquire a stabilized, trophy property in a high-growth market." Home to large employers such as the Federal Reserve, Carnival Cruise Lines, Miami Herald, Telemundo, PepsiCo, BE Aerospace, and Amazon, Doral has been the fastest growing city in Florida over the past decade and was the eleventh fastest growing city in the country.

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