The Real Deal Miami

Bulk investor grabs Gables Court units

November 21, 2013 02:15PM

Gables Court

Gables Court

The last available condos at Gables Court have sold for $9 million in a bulk transaction.

Local investor 4831 Gables purchased the remaining 39 units at the eight-year-old community, South Florida Citybizlist reported. Gables Court is a six-building complex totaling 159 condos at 6811 SW 44th Street, next to the Bird Ludlam Shopping Center. The buyer obtained a fixed-rate senior mortgage from Stonegate Bank for the acquisition.

HFF director Jaret Turkell and senior real estate analysts Scott Wadler and Jonathan Mann represented the seller. They were assisted by Jonathan Mann of Coldwell Banker. Turkell also arranged the financing. [Citybizlist]Eric Kalis