GFI Capital Resources buys Deerfield Beach apartments for $33m

29 September 2016

The Lakes at Deerfield Apartments has been picked up by New York-based GFI Capital Resources Group in a $33.75 million deal. Trading for just under 159,200 per unit, the 212 unit property is located at S. Military Trail in Deerfield Beach. The purchase includes the assumption of an extended low-income housing agreement with the Florida Housing Finance Corp. The seller, an affiliate of national apartment investor Fairfield Residential, picked up the community in 2012 for $24.9 million.

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