Frankforter Group buys Atlantic Cypress Creek for $103m

by   CIJ USA
2019-11-28   16:22
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Frankforter Group has paid $103m for a 420-unit, class A apartment complex north of Fort Lauderdale. Atlantic Cypress Creek is currently 95 percent leased. Amenities include a clubhouse, fitness center, movie theater, spa and swimming pool with cabanas. The deal was completed with a $74m mortgage arranged by FM Capital. The seller was an affiliate of Atlantic | Pacific Companies and Rockpoint Group.