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The Real Deal Miami

Sunset Gardens sells for $28.5 million

September 03, 2010 09:45AM

Sunsest Gardens in Kendall

Kendall’s Sunset Gardens multi-family complex has been sold for $28.5
million, the third multi-family purchase by Aventura-based Acumen Real
Estate Advisors in nine months. The 208-unit property is located at 7400
SW 107th Avenue. Ernest Greco, who developed the nine-acre site in the
1990s, is the seller. In December, Banyan Lake Investors, an affiliate
of Acumen, took title of the 288-unit Banyan Lake in Boynton Beach.
Rents at Sunset Gardens begin at $1,000 for a one-bedroom to more than
$1,500 for a three-bedroom unit. CB Richard Ellis represented Acumen. [SFBJ]