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Walker & Dunlop Arranges $227M Sale of Fort Lauderdale Multifam High-Rises
Walker & Dunlop, Inc., has completed the $226.5-million sale of Fort Lauderdale’s EON Squared, a two-building, 476-unit, high-rise apartment complex developed by Alta Developers.
EON Squared includes a 206-unit tower and an adjacent 270-unit tower completed in 2019 and 2021. The buildings are situated in the center of Fort Lauderdale’s Flagler Village within steps bars and restaurants, the burgeoning art scene of FAT Village, and the Mass District. The property is also within walking distance of the Fort Lauderdale Brightline Station.
Walker & Dunlop’s property sales team of Still Hunter, Greg Engler and Kaya Suarez represented the seller, Alta Developers, and served as the broker for the disposition. According to Hunter, the property attracted local, national and international interest before being purchased by a German fund manager.
“The rental growth in Fort Lauderdale is just exploding, reached almost 20 percent over the past year and is expected to remain well above inflation for years to come,” said Tal Peri, head of US East Coast and LatAm for buyer Union Investment.
- ◦Sale/Acquisition
