TGM Associates sold the Floresta apartments in Jupiter’s Abacoa community for $76 million.
TGM Floresta LLC, an affiliate of the New York-based company, sold the 311-unit complex at to Northland Floresta, an affiliate of Newton, Mass.-based Northland Investment Corp. Jamie May of JBM Institutional Multifamily Advisors was the broker on the deal. Walker & Dunlop financed the deal with a $52 million mortgage.
The price equates to $244,373 per unit.
“Floresta is an exciting addition to our growing…
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