Deerfield Beach apartment complex doubles in value in two years
An affordable housing group bought the Praxis of Deerfield Beach apartments for $14.1 million. The price for the 224-unit complex works out to $62,946 per apartment. The property last sold for $7.1 million in April 2013, so it nearly doubled in value since the last sale. Deerfield Beach Apartment Properties, a Largo-based company managed by Benjamin Mallah, sold the property to Stafford Place Associates, a Reston, Va.-based company managed by the Affordable Housing Institute
What's planned for east Charlotte apartments as joint venture prepares to buy property.
An apartment community in east Charlotte that's been under fire for its conditions is under contract to be sold to a new group which includes Affordable Housing Institute. Heritage Park includes 151 apartments, mostly two- and three-bedroom units spread between nearly two dozen buildings on a 13.7-acre property near the intersection of East W.T. Harris Boulevard and Albemarle Road. (Read More...)
