Cortland Offloads 812 West Palm Beach Apartment Units for $208M
The Portofino Place east and west apartment community in West Palm Beach sold for a combined $208 million in two deeds. Cortland Partners sold the 812 apartments at 4400 and 4600 Portofino Way to Fairfield Residential. It comes out to $246,000 a unit. The S. Florida Business…
The Portofino Place east and west apartment community in West Palm Beach sold for a combined $208 million in two deeds. Cortland Partners sold the 812 apartments at 4400 and 4600 Portofino Way to Fairfield Residential. It comes out to $246,000 a unit. The S. Florida Business…
BELLINGS Intelligence Score: 12
Why it matters
This is a routine commercial real estate transaction involving a large apartment portfolio sale, which is standard business activity without broader market or structural impact.
Sources
Connect CRE
Cortland Offloads 812 West Palm Beach Apartment Units for $208M
The Portofino Place east and west apartment community in West Palm Beach sold for a combined $208 million in two deeds. Cortland Partners sold the 812 apartments at 4400 and 4600 Portofino Way to Fairfield Residential. It comes out to $246,000 a unit. The S. Florida Business…