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 and President Robert C. Hartnett. (read more..)


Featured Posts
Recent Posts
Archive
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

North Carolina Office: 704-575-1268

Florida Office: 407-896-0035

bhartnett@ahidevelopment.com

 

© 2020/2021 by Affordable Housing Institute