DISTRESSED CONDOMINIUMS SELL IN KENDALL, FLA.

KENDALL, FLA. — Institutional Property Advisors (IPA), a multifamily brokerage division of Marcus & Millichap, has arranged the sale of Lakeside Villas, a distressed 190-unit condominium community in Kendall, for an undisclosed price. Still Hunter III, Evan Kristol and Alex Zylberglait of IPA advised the receivership. A local private investor purchased the 137,840-square-foot multifamily property that is located at 15140 S.W. 75^th Circle Lane in Kendall. It was built in 1985 and includes one- and two-bedroom units.