Florida & Gulf Coast CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Florida & Gulf Coast  + Apartments  | 

Cardone Capital Acquires 398-Unit MF Property in Boca Raton

Real estate investment firm Cardone Capital LLC has acquired Altis Boca Raton, a 398-unit multifamily property in Boca Raton. The sales price and seller was not disclosed.

The property is comprised of a six-story midrise design and features an average unit size of 1,005 square feet. The property is adjacent to Park at Broken Sound, which includes more than 8 million square feet of office and industrial space. Nearby retailers to the property include Fresh Market, Chipotle, Raw Juice, Fresh Kitchen, Habit Burger, Cycle Bar and Bonitas.

The property was purchased for Cardone Capital’s most recent equity fund, Cardone Equity Fund X, LLC which allows accredited investors to participate in the firm’s institutional grade real estate deals through crowdfunding. The acquisition is part of the firm’s strategy to provide investors with the opportunity to participate in institutional grade real estate deals in high-growth markets.

Subscribe to Connect Daily National

For comments, questions or concerns, please contact David Cohen


Inside The Story

Connect With Cardone Capital

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

Step 1: Select Education
  • ◦Sale/Acquisition
New call-to-action