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Florida & Gulf Coast  + South Florida  + Apartments  |  January 28, 2025
Investment duo raise $58M to buy Aventura rental asset
Mike Boyd
By: Mike Boyd

Aventura Apartment Investors Close $58M Acquisition Loan

Madison Realty Capital originated a $58 million acquisition loan to The Related Group and 13th Floor Investments to purchase Arium Lincoln Pointe, a 285-unit multifamily waterfront property in Aventura, Florida. Reports list RMR as the seller.

Located on an expansive 9-acre parcel next to Williams Island with water on three sides, Arium Lincoln Pointe offers residents access to Miami and Fort Lauderdale, as well as shopping, dining, and leisure destinations in Aventura. Built in 1991, the garden-style apartment complex consists of 165 one-bedroom and 120 two-bedroom units across four 3-story residential buildings. The property’s amenities include a resort-style pool, waterfront sundeck, and a renovated two-story clubhouse with a game room and fitness center.

Aventura is 15 miles north of downtown Miami. It’s home to the state’s biggest shopping mall, the Aventura Mall.

13ᵗʰ Floor manages over $5 billion of real estate across residential, commercial, multifamily, industrial, value-add, and development projects.

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13th Floor

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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