The New York-based Phoenix Realty Group has acquired the garden style Pembroke Landings apartments for $52.7 million ($175,667 per unit). The 300-unit complex located at 10101 Southwest 101 Way sits on 16.5 acres and was built in 1997. The seller, AvalonBay Communities bought the property in 2006 for an undisclosed sum. The buyer received a Freddie Mac-based $39.8 million mortgage. Phoenix Realty Corp manages more than $1.35 billion in assets and nearly 10,000 apartment units across the country.
