First 2009 multi-family deal hits S. Florida

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.

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