Maxim Group vice chairman buys Apogee condo

New York-based investment firm plans to expand its presence in South Florida

Edward Rose and the unit (Douglas Elliman, iStock)
Edward Rose and the unit (Douglas Elliman, iStock)

Maxim Group Vice Chairman Edward Rose paid $9.3 million for a luxury condo in South Beach, weeks after the CEO of the New York-based financial firm acquired a unit on nearby Fisher Island.

The deal marks another example of investment banks and hedge funds and their owners and executives expanding to South Florida.

Maxim, a securities and wealth management firm, announced in March that it was doubling down on South Florida, where it already has an office. Maxim’s Miami Beach office, at 1000 Fifth Street, is half a mile away from Rose’s condo.

Rose has been with Maxim for more than 18 years, according to his LinkedIn. Sources confirmed to The Real Deal that he purchased unit 801 at Apogee, at 800 South Pointe Drive in Miami Beach.

Property records show the seller is Apogee 801 LLC, managed by Warren Kanders of Kanders & Company in Palm Beach. He is also a former chairman of the Whitney Museum of American Art in New York. Kanders made headlines when he announced that he would sell divisions of his company, Safariland, that produce “crowd-control” solutions such as tear gas.

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He paid $8.2 million for the unit in 2017.

The 4,154-square-foot unit was on the market with Devin Kay of Douglas Elliman. Ashley Arguello of One For One Group represented the buyer. Kay declined to comment on the deal.

It has three bedrooms, three bathrooms and one half-bathroom, a theater, two-acre garage, and a 2,433-square-foot terrace.

The Related Group developed the 22-story Apogee tower in 2007.

Joseph Beard, co-founder of Dallas-based Westdale, recently sold his unit at Apogee for $15.5 million. Other recent deals at the condo tower include an apartment developer’s $7.5 million purchase, and JLL vice chairman Gregory Lubar’s $6.4 million buy.