Apartment Realty Advisors Facilitates Sale of 248-Unit Fractured Condominium Property in Boca Raton, FL

BOCA RATON, FL — Atlanta-headquartered Apartment Realty Advisors (ARA), the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multi-housing industry, announces that ARA’s Florida division facilitated the sale of the partially-completed 248-unit Eden Condominiums multifamily community located in exclusive Boca Raton, FL.

The transaction was arranged by ARA Florida’s Boca Raton-based team of Hampton Beebe (top right photo),  Avery Klann (middle left photo) and Marc deBaptiste (bottom right photo).

West Palm Beach, FL-based Priderock Capital Partners purchased the property from Ceebraid-Signal Corporation.

š“This property will be completed and marketed as the standard of luxury rental living in Boca Raton,” said Hampton Beebe, of ARA’s Boca Raton office, who brokered the deal.š “Priderock has approved plans in place for an extensive rehab, including completing the clubhouse and re-construction of the unfinished apartment buildings.”

Beebe is a member of ARA’s Distressed Assets Solutions Group which provides responsive, professional and knowledgeable brokerage solutions to servicers and lenders of distressed conventional multifamily, land, student and seniors housing assets.

“This exclusive listing assignment was an ideal fit for our team,” said Marc deBaptiste, one of ARA’s founding partners. “Our experience encompasses multifamily development, capital and financial structuring, and distressed asset solutions. This combination of talents paved the way for the successful marketing of this unique investment sales assignment.”

Contacts: Marti Zenor, Amy Holland or Lisa Robinson, (561) 988-8800 ext. 112, (404) 495-7300

mzenor@arausa.com, aholland@ARAusa.com, lrobinson@ARAusa.com