Mesirow Financial buys apartments in Fort Lauderdale for $ 84 million
Mesirow Financial bought a Fort Lauderdale multi-family complex for $ 83.5 million.
The Chicago-based financial services firm bought Elan 16Forty at 1600-1700 East Sunrise Boulevard from subsidiary GS Sunrise, a subsidiary of Greystar and PGIM Real Estate, according to records.
Charleston, SC-based Greystar, led by Bob Faith, developed the 261-unit community with three buildings on 4.2 acres in 2015, according to the records. Its subsidiary GS Sunrise bought the site in 2013 for $ 9.8 million, according to a deed.
The latest purchase is $ 319,923 per unit.
Mesirow Financial, led by Chairman and CEO Richard Price, offers global investment management, investment banking, wealth management, capital markets and retirement advisory services, according to its website. The employee-owned company, which Norman Mesirow established in 1937, has $ 206 billion in assets under watch.
The sale is part of a series of recent multi-family deals in South Florida.
This month, Pantzer Properties purchased a 392-unit community in Royal Palm Beach from Related Group for $ 119.4 million. Additionally, Greystar sold a 279-unit apartment complex at 1015, 1111 and 1201 East Sunrise Boulevard in Fort Lauderdale to Bell Partners for $ 99.5 million.
Last month in Oakland Park, Israel-based ROI Capital Group made its first foray into the South Florida multi-family market, purchasing the 296-unit complex at 5201 North Dixie Highway from Northland Investments for 58.5. millions of dollars.