The Real Deal Miami

First 2009 multi-family deal hits S. Florida

May 01, 2009 11:20AM

The Harbour Key apartment complex near Kendall changed hands in a $22.9 million deal, the first substantial multi-family transaction in the region this year. Lowe Harbour Key Investments bought the property from Kendall Courtyards for about $76,333 a unit. Monthly rents at Harbour Key, which is 95 percent occupied, range from $900 for one-bedroom, one-bath units to $1,250 for two- and three-bedroom units.