Ownership of a 324-unit apartment complex in Lauderhill changed hands for $21.75 million, according to Broward County records.
A trust tied to Coral Gables-based J. Milton & Associates sold the complex to Joseph Milton, Cecil Milton and Frank Milton. The 7.3-acre site includes eight apartment buildings and a main office.
The recently renovated one and two-bedroom apartments range from 750 square feet to 1,100 square feet. Rents range from $875 to $1,175, according to the complex’s website.
Inverrary 441 Apartments, at 1196 North 40th Avenue, features a pool, playground, barbecue and picnic areas, elevators and a paved parking lot surrounding the buildings. The development last sold in 1998 for an undisclosed amount, according to Broward County property records.