Barry Sternlicht’s Starwood Real Estate Income Trust has acquired the 844-unit Palmer Dadeland apartments for $386.7 million from Mill Creek Residential, roughly $440,000 per unit. The transaction was facilitated via an LLC membership change in which Mill Creek Residential sold the LLC that owns the property to Starwood.
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13th Floor Investments & Adler Group Complete Construction Of The Transit-Oriented Motion at Dadeland Apartments
13th Floor Investments and Adler Group have announced that the firms have completed construction of Motion at Dadeland, a transit-oriented, 294-unit luxury rental community that is adjacent to the Dadeland North Metrorail Station in South Miami, FL.
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