ARA BROKERS $26.4M SALE OF APT. COMMUNITY

by admin

NORTH LAUDERDALE, FLA. — Atlanta-based ARA has arranged the $26.4 million sale of the 224-unit Lakeview Cove, located on Cypress Creek Road in North Lauderdale. Hampton Beebe and Avery Klann of ARA represented New York City-based Lexin Capital, the seller. Chicago-based Waterton Associates was the buyer. The acquisition was financed with Fannie Mae debt through ARA's debt platform, ARA Finance.

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