Codina sells Signature at Davie apartments for $114.8M

Miami /
Oct.October 01, 2015 10:30 AM

A company led by developer Armando Codina has sold the Signature at Davie Apartments & Townhomes for a combined $114.8 million, Broward County records show. 

AMLI, a national multifamily development, acquisition and management company, bought the communities at 5801-6151 Toscana Drive and 3300 Davie Road. Andrew Holm, real estate managing director at Ares Management, signed the deed transfer of ownership on behalf of the seller.

CC Davie, an affiliate of Codina-Carr Residential, completed the 17.4-acre Toscana Drive development in 2013, It includes 350 units and last sold in December 2011 for $11.55 million, according to Broward County property records.

CC Davie II acquired the second property on Davie Road for $6.3 million in December 2013. The nearly 10-acre site was developed in 2014 and includes 64 units.

Signature at Davie, which includes both parcels, is west of the Florida Turnpike and borders Broward College. Amenities include community pools, gym, spa, clubroom, putting green and pet park.

In April, AMLI worked together on another deal: Codina-Carr sold Signature at Doral, a 14.5-acre community in Miami-Dade County, for $103.5 million the Houston-based company.


Related Articles

arrow_forward_ios
Mill Creek’s William MacDonald with FCP’s Alex Marshall, Esko Korhonen and Lacy Rice in front of rendering of the Modera Academical Village project (Mill Creek Residential, FCP, Dorsky Yue International)
FCP, Mill Creek pay $25M for multifamily dev site next to NSU in Davie
FCP, Mill Creek pay $25M for multifamily dev site next to NSU in Davie
MSP Capital co-founders and managing partners Murray McCabe and Max Lamont and the Pelican Bays office/warehouse complex at 4990 Southwest 52nd Street in Davie (Google Maps, MSP Capital Partners)
MSP Capital pays $50M for Davie office/warehouse complex
MSP Capital pays $50M for Davie office/warehouse complex
Cabot Properties' Franz Colloredo-Mansfeld with Miramar Centre Business Park (Cabot, iStock) Lease, Logistics
Lease roundup: Ryder Logistics leases 150K sf at Miramar Centre Business Park
Lease roundup: Ryder Logistics leases 150K sf at Miramar Centre Business Park
The Gateway at Wynwood (R & B Realty Group)
Lease roundup: Danish furniture chain, mobile bill payment firm lease in Miami’s Wynwood
Lease roundup: Danish furniture chain, mobile bill payment firm lease in Miami’s Wynwood
Mavik Capital, partners pay $82M for rental portfolio
Mavik Capital, partners pay $82M for rental portfolio
Mavik Capital, partners pay $82M for rental portfolio
Raanan Katz (Getty, Katz)
Three points — er, retail properties in Davie for Miami Heat minority owner
Three points — er, retail properties in Davie for Miami Heat minority owner
Lease roundup: Apollo Capital expands to Brickell, Pura Vida to Coral Gables
Lease roundup: Apollo Capital expands to Brickell, Pura Vida to Coral Gables
Lease roundup: Apollo Capital expands to Brickell, Pura Vida to Coral Gables
Joint venture pays $64M for Davie RV park primed for industrial project
Joint venture pays $64M for Davie RV park primed for industrial project
Joint venture pays $64M for Davie RV park primed for industrial project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...