Pembroke Pines, 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 296-unit Lakes at Pembroke (top left photo), located in Pembroke Pines, FL for $42,000,000. The asset was 96% occupied at the time of sale.š
ARA South Florida-based Principals Marc deBaptiste and Avery Klann, along with Senior Vice President, Hampton Beebe represented LaSalle Investment Management in the sale to Atlanta, GA-based Stockbridge Capital.
Lakes at Pembroke is located in a prime infill location, set among some of the best schools in the area.š Both Pasadena Lakes Elementary and Pines Middle School were ‘A’ rated for the 2010-2011 school year.
For a complete copy of the company’s news release and to schedule an interview with an ARA executive regarding this transaction or for more information about ARA, nationally please contact
