Vista Pointe Apartments Trade for $15.5M

Riverfront Capital LLC acquired the Vista Pointe Apartments at 550 Purdy Ln. in Palm Springs, FL from PEM Investments for $ 15.45 million, or about $ 49,000 per door.

The property is a seven-building, 219,182-square-foot, multifamily complex with 314 units constructed in 1971 in Palm Beach County.

Hampton Beebe of Apartment Realty Advisors represented the seller. The buyer was self-represented.

For additional information on this transaction…
South Florida Commercial Real Estate News From CoStar Group