The Real Deal Miami

Trump Royale goes rent-to-own

December 08, 2008 12:50PM

Trump Dezer Development, the organization behind the 384-unit Trump
Royale oceanfront condo in Sunny Isles Beach, set up a leasing
program for renters who will eventually be able to own their units. The
developer has set aside eight 914-square-foot units with one bedroom
and 1.5 bathrooms facing west in the 57-story skyscraper for the
rent-to-own program, according to a representative. The rent being
sought is $2,500 per month on units with an asking price of $550,000
from the developer. Rental units that had been priced at $2,000 per
month have already been leased.