Cortland Sells West Palm Rental at Discount for $208M
Multifamily development firm Cortland sold a garden-style rental complex in West Palm Beach, Fla., for $208 million, property records show. The transaction ranks among South Florida’s largest multifamily sales this year, although it marked a discount for the Atlanta-based…
Multifamily development firm Cortland sold a garden-style rental complex in West Palm Beach, Fla., for $208 million, property records show. The transaction ranks among South Florida’s largest multifamily sales this year, although it marked a discount for the Atlanta-based…
BELLINGS Intelligence Score: 12
Why it matters
This is a routine real estate transaction involving the sale of a rental complex at a discount, which is notable locally but does not materially affect credit markets or underwriting standards.
Sources
Commercial Observer
Cortland Sells West Palm Rental at Discount for $208M
Multifamily development firm Cortland sold a garden-style rental complex in West Palm Beach, Fla., for $208 million, property records show. The transaction ranks among South Florida’s largest multifamily sales this year, although it marked a discount for the Atlanta-based…