Millennia Housing Management buys $11.9m Florida apartment complex

22 June 2016

An affiliate of affordable housing company Millennia Housing Management has acquired an Opa Locka apartment complex for $11.9 million. Built in 1970 the 175 unit facility, which is located at 13885 N.W. 22nd Ave., traded for $68,000 per unit. The seller, New York-based Miami Property Group, an affiliate of Capital Realty Group, bought the asset for $6.5 million in 2002.

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