NFL player buys North Miami Beach apartment complex

Investor George Heinlein sold the property for $100k per apartment

Miami /
Apr.April 25, 2018 05:30 PM

Waterview Courtyards and Elvis Dumervil (Credit: apartments.com and LinkedIn)

NFL linebacker turned investor Elvis Dumervil is growing his real estate portfolio.

Property records show a company tied to Dumervil’s property management and development firm, Prestige Estates, paid $9.5 million for an apartment complex in North Miami Beach. The buyer financed the deal with a $9 million loan from UC LDBA Fund I Ventures LLC.

Investor and developer George Heinlein, who runs the New York-based investment firm Heinlein Capital Ventures, sold Waterview Courtyards at 16651 Northeast 18th Avenue.

The 94-unit, 2.3-acre property sold for about $100,000 per apartment. It was built in 1957.

Dumervil’s company owns residential and multifamily properties in North Miami, Fort Lauderdale and Oakland Park.

In 2016, he was sued by a real estate broker who claimed she was shut out of an $18.2 million apartment deal in North Miami. That suit was dropped, but Dumervil’s broker later accused another firm of trying to steal the commission in a later suit that did not involve Dumervil.

The professional football player, who grew up in Miami’s Liberty City neighborhood, played for the Denver Broncos, the Baltimore Ravens and the San Francisco 49ers.


Related Articles

arrow_forward_ios
Jared Kushner and Ivanka Trump with Arte Surfside (Getty, Arte)
Ivanka Trump, Jared Kushner to rent luxury condo in Miami’s Surfside
Ivanka Trump, Jared Kushner to rent luxury condo in Miami’s Surfside
Chris Bosh and his North Bay Road home, 6396 North Bay Road (Getty, One Sotheby’s International Realty)
Chris Bosh sells waterfront Miami Beach mansion for $15M
Chris Bosh sells waterfront Miami Beach mansion for $15M
Phil Collins is in contract to sell his waterfront Miami Beach mansion amid a legal battle with his ex-wife, Orianne Bates. (Getty, Coldwell Banker Realty)
Phil Collins finds buyer for waterfront Miami Beach estate listed for $40M
Phil Collins finds buyer for waterfront Miami Beach estate listed for $40M
Serena Williams with 7703 Bold Lad Road and 6431 River Pointe Way (Getty, Google Maps)
Serena Williams sells Palm Beach Gardens home after buying Yadier Molina’s Jupiter mansion
Serena Williams sells Palm Beach Gardens home after buying Yadier Molina’s Jupiter mansion
Alex Rodriguez with Stuart Zook (Getty, Miami-Dade County Circuit Courts)
A-Rod’s ex-brother-in-law alleges racketeering, embezzlement in new lawsuit against retired Yankee
A-Rod’s ex-brother-in-law alleges racketeering, embezzlement in new lawsuit against retired Yankee
Carl Gambino
Celebrity agent Carl Gambino expands to Miami
Celebrity agent Carl Gambino expands to Miami
David Cassidy and 1600 South Ocean Drive in Fort Lauderdale (Getty)
David Cassidy’s former Fort Lauderdale home sells
David Cassidy’s former Fort Lauderdale home sells
4404 North Bay Road with Cindy Crawford and Rande Gerber (One Sotheby's, Google Maps, Getty)
Cindy Crawford, Rande Gerber paid $10M for waterfront Miami Beach teardown
Cindy Crawford, Rande Gerber paid $10M for waterfront Miami Beach teardown
arrow_forward_ios

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

Loading...