From left: Villa Teresa, Royal Palm Villas and Emerald Plaza
A Fort Lauderdale-based investor has sold three properties in Broward County, according to Gregory Matus, regional manager/vice president at the firm’s Fort Lauderdale office. The properties included the 38-unit Villa Teresa Apartments in Wilton Manors, Royal Palm Apartments in Lauderdale Lakes and Emerald Plaza, a mixed-use property in Dania Beach. — Alexander Britell [more]

The Caravelle North Apartments, a 16-unit apartment building in Fort Lauderdale, has been sold for $1.2 million, according to Marcus & Millichap. The firm’s Joseph Thomas represented the seller, a private investor from Palm Beach Shores, along with the buyer, who was a private investor from Hollywood. “Caravelle North is a stabilized apartment building with minimal deferred maintenance in a strong Fort Lauderdale rental market,” Thomas said. “The units are all large two bedrooms with two bathrooms and should continue to stay in high demand.” TRD [more]

Holly Heights Apartments, a one-story, 32-unit property in Fort Lauderdale, has been sold for $1.6 million, about $51,400 per unit. The complex was built in 1969 and sits on a 1.46-acre plot of land. Associate Joseph P. Thomas and Senior Associate Felipe J. Echarte of Marcus & Millichap’s Fort Lauderdale office represented the sellers of the property, private investors from New York and Boca Raton. Thomas also secured the buyer, an unidentified corporate entity based in Davie. TRD [more]