Friday, April 12, 2013

Berger Commercial Realty Negotiates $7.6 Million Purchase of Multifamily Property in Belle Glade, FL



                                 
                                             2000 South Main Street, Belle Glade, FL

FORT LAUDERDALE, FL - Berger Commercial Realty President Lloyd Berger and Vice President Joseph Byrnes recently represented Ytech Development, LLC in the $7.6 million purchase of a 384-unit multifamily property in Belle Glade from Greystone Belle Glade LLC. The deal closed April 1st.

Lloyd C. Berger
 The 369,700-square-foot property, located at 2000 S. Main St., is situated on 

24 acres of land and features tennis courts, basketball courts, swimming pools, activity centers, and management and maintenance offices among 34 buildings.

 "Ytech Development and CEO Yamal Yidios Char recognized a unique investment opportunity in purchasing this gated, garden-style community," said Berger.

Greystone services more than $12 billion in loans and took title of the property in June 2012 after a lengthy foreclosure by Fannie Mae.

 For a complete copy of the company’s news release, please contact:

  Marielle Sologuren
Pierson Grant Public Relations
(954) 776-1999, ext. 226

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