The Real Deal Miami

Invesco pays $104M in Plantation

October 14, 2010 11:15AM

The Alexan Solero

Invesco Real Estate has purchased the 481-unit Alexan Solero, an apartment
complex across from IKEA in Plantation, in Broward County Plantation, according to a source familiar with the deal. The deal
is for approximately $217,000 per unit, which is among the highest
average prices paid in the post-boom period. A second sources said the
deal was for all cash. The complex is located at 13500 NW Third Street,
and was completed in September. It is approximately 80 percent leased.
CB Richard Ellis represented the seller, Trammell Crow Residential. [SFBJ]