Israeli firm takes Epic condos

Precision Assets out of Tel Aviv purchased five units at the Epic condo
in downtown Miami for $3.25 million, or nearly $800,000 off. The buy
works out to about $422 per square foot for the high-floor apartments,
according to a report from Condo Vultures based on Miami-Dade County
records. Precision Assets is the latest Israeli firm to enter the South
Florida market with an aggressive strategy and an interest in bulk condo
deals. According to county records, the average purchase price in Epic
is $528 per square foot in the Epic West tower. TRD