Thursday, June 14, 2012

ARA Announces Sale of South Florida Bulk Portfolio

  

Boca Raton, FL  — Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, announces the sale of the South Florida Bulk Portfolio, a two-property bulk offering comprised of Portofino at Jensen Beach (top left photo) and Courtney Park at Winston Trails (middle right photo) located in Lake Worth, FL.

ARA South Florida-based Principals Marc deBaptiste and Avery Klann, along with Senior Vice President, Hampton Beebe represented Dizengoff-Trading Group, an private Israel-based investor with regional offices in Boca Raton, in the transaction.

 Both Portofino at Jensen Beach and Courtney Park at Winston Trails are garden-style communities with a diverse mix of functional floor plans, located within close proximity to major arteries, employment centers and recreation.

 To schedule an interview with an ARA executive regarding this transaction or for more information about ARA, nationally please contact Lisa Robinson at lrobinson@ARAusa.com, 678.553.9360 or Amy Morris at amorris@ARAusa.com, 678.553.9366; locally, Marti Zenor, at mzenor@ARAusa.com or 561.988.8800.šš



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