MIAMI, Florida—October 10, 2021 – Lee & Associates South Florida announces the sale of a 7 property Fort Lauderdale Beach Hotel Portfolio located at 3601, 3711 3801, 3811, 3821, 3621 & 3623 N Ocean Blvd. The 154 key acquisition closed on September 30th, 2021 for $27,260,000. The sale consisted of two different transactions 3621 & 3623 N Ocean Blvd for $5,000,000 and 3601, 3711, 3801,3811 & 3821 for $22,260,200. Lee & Associates South Florida Principal,…
Miami-Based GDF Properties Acquires 569-Unit Apartment Complex in Houston
MIAMI, Florida—October 1, 2021 – Lee & Associates South Florida announces another significant closing for Miami-based GDF Properties with the acquisition of Holly Hall Apartments in Houston, Texas. The 569-unit multifamily property located at 2111 Holly Hall Street in Houston closed on September 21, 2021 sold by Harbert Management Corporation FEICA/Holly Hall LLC to GDF Properties who has actively been expanding their portfolio after another recent announcement just this year of a $17MM Broward Multifamily…
Seth Denison Speaks as Expert Panelist at 2021 Crittenden Real Estate Finance Conference
MIAMI, Florida—September 24, 2021 – Lee & Associates South Florida Principal and Capital Markets specialist, Seth Denison, was an invited expert panelist at the 2021 Crittenden Real Estate Finance Conference. Seth has been speaking at this event for several years as a returning panelist, and shared his insights on “higher risk” asset classes and what we can anticipate in these sectors. The panel was hosted on Thursday September 23rd. Seth Denison recently joined Lee &…
Miami Herald Discusses Miami Hospitality Market with Matthew Jacocks after Miami Beach Hotel Trades for $70MM
Miami Herald Discusses Miami Hospitality Market with Matthew Jacocks after Miami Beach Hotel Trades for $70MM After an eye-popping purchase of the Como Metropolitan Miami Beach where a foreign investor paid almost $1 Million per room, the Miami-Herald published an article reflecting on the sale and reached out to Lee & Associates South Florida Miami hospitality and investment sale expert, Matthew Jacocks, for expert insight on what he has been seeing in the marketplace. The…
Lee & Associates South Florida adds Seth Denison as Principal Specializing in Capital Markets, Structured Finance, Debt & Equity
MIAMI, Florida—August 19, 2021—Lee & Associates Commercial Real Estate Services announces the addition of Seth Denison as Principal specializing in Capital Markets, Structured Finance, and Debt & Equity placement throughout the United States. With wide and deep knowledge of commercial real estate finance, Seth brings over 12 years of experience in private equity and capital market advisory work with an expertise in financial trends, capital structuring, and capital allocators. Seth Denison began his career practicing…
Shovel Ready Self-Storage Development Site Closes, Slated to Bring 1,081 New Climate Controlled Units to North Miami Beach
MIAMI, Florida—June 11, 2021 – Lee & Associates South Florida announces the sale of a 1.37 acre fully-entitled Self-Storage development parcel located at 15699 W Dixie Highway in North Miami Beach, Florida. The property closed on July 29th, 2021 for a record price of $5,250,000. Lee & Associates South Florida Principal, Matthew Jacocks, represented the Seller, 15699 W Dixie Hwy, LLC, and procured the Buyer, Dixie Highway Storage, LLC. The Buyer plans to develop the…
Commercial Assemblage Closes in Miami’s Wynwood Arts District for $4.39M
MIAMI, Florida—August 10, 2021 – Lee & Associates South Florida announces the sale of a two-parcel assemblage in Miami’s trending Wynwood Arts District for $4.39 million. Lee & Associates South Florida President, Matthew Rotolante, SIOR, CCIM, and Vice President, Michael Avendano, represented the Seller, Carol Invest, USA, and procured the Buyer, JAK Land, LP. The property located at 560-566 NW 29th Street in Miami, Florida traded on July 20th, 2021, for $4,389,250, or $400.81 per…
Safe Harbor Marinas Acquires Trophy Asset Marathon Marina and RV Resort in Marathon, FL
MIAMI, Florida—June 21, 2021 – Lee & Associates South Florida and Investors Realty Services, Inc. announce the sale of the award-winning, trophy Marathon Marina and RV Resort located at 1021 11 St Ocean in Marathon, FL, in the heart of the beautiful Florida Keys. Lee & Associates South Florida Senior Vice President, Calum Winsor, and Investors Realty Services brokered the sale of the Marina between the seller, Water’s Edge Marina, LLC, and the Buyer, Safe Harbor…
48-Unit Multifamily Portfolio Closes for $7.25MM in Oakland Park-Fort Lauderdale, FL
MIAMI, Florida—June 11, 2021 – Lee & Associates South Florida announces the sale of a 48-Unit Multifamily Portfolio located at 999 & 1007 W Prospect Road in Oakland Park-Fort Lauderdale, Florida. The portfolio sale closed on May 26th, 2021 for $7,250,000. Lee & Associates South Florida Principal, Matthew Jacocks, and Senior Vice President, Patrick Montelus, represented the Seller, Schulman Properties, LLC, and the Buyer, Jass 2, LLC. After extensively consulting the seller through value-add strategies…