HFF announces sale of 405-unit apartment community in Broward County, FL

The Glen at Lauderhill, a 405-unit apartment community located at 2360 NW 56^th Avenue  in Lauderhill, FL

Jaret Turkell

MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced the sale of The Glen at Lauderhill, a 405-unit apartment community located in Lauderhill, Florida, a prime suburban growth market within Broward County.

HFF marketed the property exclusively on behalf of the seller and procured the buyer, Bar Invest Group INC.

The Glen at Lauderhill is located at 2360 NW 56^th Avenue adjacent to the Florida Turnpike, which provides residents with a short commute to downtown Fort Lauderdale and top suburban employment corridors. 

The property features a mix of one-, two- and three-bedroom units averaging 978 square feet.  Community amenities include a swimming pool, 24-hour fitness center, tennis court, dog park, playground, club house, resident enrichment center and business center with coffee bar.  The property was 97 percent occupied at closing.

Maurice Habif

The HFF investment advisory team was led by managing director Jaret Turkell, senior director Maurice Habif, director Simon Banke and analyst Jo Rousseau.

About Bar Invest Group INC

Bar Invest Group is managed by Hervé Barbera and based in Miami, Florida.  Bar Invest Group is a real estate investment firm, which manages a growing portfolio of properties across the United States. 

The firm encompasses all aspects of real estate property ownership and investment, including: acquisition, financing, construction, repositioning and property management. 

 Bar Invest has invested in over 1,500 residential units and in over 600,000 square feet of retail properties.

Simon Banke

CONTACTS:

JARET TURKELL

FL Lic. #BK3114894

HFF Managing Director

(305) 448-1333

jturkell@hfflp.com

MAURICE HABIF

FL Lic. #SL3253490

HFF Senior Director

(305) 448-1333

mhabif@hfflp.com

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3403

ohennessey@hfflp.com