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Pulso Capital Acquires Stellar At Palm Aire Build-For-Rent Townhome Community For $21.5 Million

September 7, 2022

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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In Acquisitions, Banking, Commercial, Closed, Home Builders, Invest, Investment News, News, News & Features, Multifamily, Pembroke Pines, Private Equity, Finance & Banking Tags News & Features, News, Build-For-Rent, Pulso Capital, Palm Aire Country Club, Berkadia Miami, Berkadia, Investment News, Invest, Acquisitions, Closed, September 2022, Commercial, Banking, Finance & Banking, Lending, Mitch Sinberg, Matt Robbins, Scott Wadler, Brad Williamson, Michael Basinski, Jaret Turkell, Yoav Yuhjtman, Omar Morales, Jose Mota, Stellar Communities, Home Builders, Major Benami, Multifamily, Private Equity, Salomon Kamkhaji
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