7801 N. Federal Highway, Boca Raton. Google Maps
A Clarion Partners affiliate buys the renamed Cortland Boca Raton for $314,674 per unit.
July 25, 2019 at 01:56 PM
1 minute read
South Florida real estate reporter
Clarion Partners LLC, a New York investment management company, bought a garden-style Boca Raton apartment community for $120.8 million in a strong multifamily market fueled by population growth and decreased homeownership.
A Clarion affiliate bought the renamed 384-unit Cortland Boca Raton from an affiliate of another real estate investor, PGIM Real Estate based in Madison, New Jersey, on July 12. The price breaks down to $314,674 per unit and $277 per square foot.
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