South Florida saw a decline in the magnitude of multifamily sales this year, with no single property sale exceeding $200 million.
Grant Cardone, through his eponymous firm Cardone Capital, took first place when he paid $149.5 million in May for the 382-unit Manor at Flagler Village at 501 Northeast Fifth Terrace in Fort Lauderdale.
In second place, Dermont paid Stockbridge Capital Group $144.2 million for the 350-unit Quaye at Wellington Complex at 1090 Quaye Lake Circle in Wellington. The sale took place in October.
The total of the top 10 largest sales amounts to a little over $1.3 billion.
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Commercial
South Florida
Here are South Florida’s largest multifamily sales of 2024