Terranova brokers sale of Ludlam Point apartment community in Miami

The Ludlam Point garden townhome apartment community in Miami has been sold, according to Terranova’s Brett Chwick and David Loewy, who handled the transaction. The 205-unit property is located at 6880 SW 44th Street in Miami. The buyer was Grand Peaks, which is based in Colorado. It is the third multi-family purchase by the firm in South Florida since 2010, following two multi-family buys in Broward County in 2010 and 2011. The seller was Ludlam Apartments, a limited liability company managed by Interdevco. Terms were not disclosed. — Alexander Britell