Pulso Capital has acquired Stellar at Palm Aire, a new build-for-rent community consisting of 39 townhomes located in the center of the Palm Aire Country Club in Pompano Beach, Fl., for $21.5 million, or $551,282 per unit. The sale and financing were overseen by Berkadia. Effective rent in South Florida rose 25.2% year over year, according to Berkadia Research, driven by an influx of new residents and corporate migrations over the last 12 months.
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