ARA Newmark Arranges $41.5M Sale of Multifamily Community Near Fort Lauderdale

CORAL SPRINGS, FLA. — ARA Newmark has arranged the $41.5 million sale of ARIUM San Remo, a 180-unit apartment community in Coral Springs, roughly 20 miles northwest of Fort Lauderdale in Broward County. Avery Klann, Hampton Beebe, Jonathan Senn, Matthew Scarola, Dick Donnellan and Marc deBaptiste of ARA Newmark represented the seller, Atlanta-based Carroll Organization, in the transaction. South Florida-based KVR Properties LLC acquired the asset. Constructed in 1995, ARIUM San Remo features two- and three-bedroom townhomes and villas with walk-in closets, screened-in patios and upgrades in approximately 66 percent of the units. Community amenities include a clubhouse, fitness center, pool, picnic area with grills, dog park and a playground. At the time of sale, the property was 96 percent occupied.