CBRE Brokers $44M Sale of Lakeside Apartment Community in West Palm Beach

WEST PALM BEACH, FLA. — CBRE has arranged the $44 million sale of AMLI at Ibis, a 234-unit, gated apartment community in West Palm Beach. Olen Properties purchased the asset from AMLI Residential. The lakeside property is located on a 14.9-acre parcel at 8300 Ibis Reserve Circle, adjacent to the Ibis Golf and Country Club. Robert Given, Zachary Sackley, Mary Kate Swann, Charles Foschini and Christopher Apone of CBRE brokered the transaction. Completed in 2000, AMLI at Ibis features a clubhouse, 31 detached garages, unstaffed gate and guard house, resort-style pool and spa overlooking the lake, outdoor covered picnic area, tennis court, fitness center, car care center, children’s center, conference room and a veranda. Individual units feature 9-foot ceiling heights, crown molding, private entries and direct access garages in 78 select units.