REBusinessOnline

TWO FLORIDA APARTMENTS PURCHASED FOR $25 MILLION

FLORIDA — CFH Group has acquired two Florida apartment complexes spanning 460 units from Denver-based AIMCO for $25 million. Tomas Cabrerizo and Sheldon Lowe of CFH Group purchased the 260-unit Island Club Apartments, located on Atlantic Avenue in Pompano Beach, Fla., for $18.7 million. CFH’s Cabrerizo and Maurice Cayon also bought the 200-unit Dunes Apartment Homes in Indian Harbour Beach for $6.3 million. The properties are 96 percent occupied and 99 percent occupied, respectively.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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