Apartment Lease-Up Experts announced today that it brokered the $42,850,000 sale of The Meyers Group multifamily development, Avery Pompano Beach, to Canada-based Frankforter Group. Completed in 2019, the eight-story, 144-unit luxury development is located at 275 North Federal Highway in downtown Pompano.
Sasha Ezquerra and Santiago Illia from Apartment Lease-Up Experts brokered the deal by tapping into their network of off-market buyers and sellers. According to President and Founder Santiago Illia, “We were able to secure this off-market sale due to our extensive experience leasing luxury multi-family residences in South Florida for the past 18 years, including such projects as EON Flagler Village, Falls at Marina Bay Fort Lauderdale, Atrium in downtown Miami and many others. In addition, we are the exclusive leasing company for Avery’s newest project, Avery Dania Pointe, which is currently at 100% capacity.”
Based in Montreal, Canada, Frankforter Group is a third-generation real estate investment and asset management firm with a focus on acquiring institutional-grade multifamily and commercial real estate in Canada and the United States and a proven track record of realized returns to investors led by an experienced team with well over 40 years and $1.3 billion in transaction experience.
Frankforter Group’s U.S. broker, Lorne Gornitsky at KW Commercial, helped Apartment Lease-Up Experts facilitate this sale.