News

Cottage Cove in Miami-Dade Sold for $50M

Cottage Cove in Miami-Dade Sold for $50M

TM Realty Group is happy to announce that Cottage Cove apartments in northeast Miami-Dade County have been sold for $50 million. The 468 units, in 100 cottage-style buildings, at 10 N.E. 188th Street were sold Marlin Spring Realty. The price equated to $106,837 per unit, or $151 per square foot. Cottage Cove was originally developed in 1970 and traded for…

Shalimar at Davie Closes on $36.6M Loan

Shalimar at Davie Closes on $36.6M Loan

TM Real Estate Group has closed on a $35.5 million loan for the  newly completed 240-unit apartment complex Shalimar at Davie. Meridian Capital Group has provided the 10-year loan with a fixed interest rate of 4.04 percent and a full-term repayment schedule of interest-only payments.   The Shalimar at Davie is a rental community located in the heart of Davie…

Optimus Acquires The Allison in Arizona

Optimus Acquires The Allison in Arizona

Optimus Acquires 152 Condos in Scottsdale Optimus US Real Estate Fund is pleased to announce that it has completed the acquisition of 152 condos at The Allison Condominium in Scottsdale, Arizona for a purchase price of $19,000,000 plus closing costs. The amount equates to $125,000 per unit. The purchase was funded with a combination of $9 million in equity with…

Optimus Increases Portfolio with The Element

Optimus Increases Portfolio with The Element

The Element Brings Optimus Portfolio to 1107 Condos On May 23, 2013, the Fund’s wholly owned subsidiary, Optimus Element LLLP, completed the acquisition of 294 condos in The Element in Orlando, Florida for $27 million. The sale price equates to $91,837 per unit. The Fund purchased a 90% interest in The Element, in partnership with a related entity of TM…

Dolce by the Lakes Acquired by Optimus

Dolce by the Lakes Acquired by Optimus

Optimus Increases Portfolio Size to 547 Condos  The Optimus US Real Estate Fund is pleased to announce the acquisition of 184 residential condominium units in the Dolce by the Lakes project located in Las Vegas, Nevada for an average purchase price of $48,900 USD per unit. The total contract price was $9,000,000 USD plus closing costs through its wholly owned…