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The Real Deal Miami

ZOM Florida leases 300 units in Broward County

July 10, 2012 03:45PM

Monterra Apartments

Multi-family developer ZOM Florida and the Cleveland-based NRP Group have fully leased 300 workforce-housing units at the $45 million Monterra Apartments in Cooper City, the South Florida Business Journal reported. The units, which are located at 2601 Solano Avenue, are slated to be 100 percent occupied by mid-July. The project included $26 million in bond financing through the Florida Housing Financing Corporation, with additional loans under the SHIP Loan program. “With homeownership steadily declining, the new renter market is on the rise,” said Kyle Clayton, ZOM’s vice president of Development. [SFBJ]