Holliday Fenoglio Fowler, L.P. (HFF) announced today the sale of The Glen at Lauderhill, a 405-unit apartment community located in Lauderhill, Florida, a prime suburban growth market within Broward County.
HFF marketed the property exclusively on behalf of the seller and procured the buyer, Bar Invest Group INC.
The Glen at Lauderhill is located at 2360 NW 56th Avenue adjacent to the Florida Turnpike, which provides residents with a short commute to downtown Fort Lauderdale and top suburban employment corridors. The property features a mix of one-, two- and three-bedroom units averaging 978 square feet. Community amenities include a swimming pool, 24-hour fitness center, tennis court, dog park, playground, club house, resident enrichment center and business center with coffee bar. The property was 97 percent occupied at closing.
The HFF investment advisory team was led by managing director Jaret Turkell, senior director Maurice Habif, director Simon Banke and analyst Jo Rousseau.
About Bar Invest Group INC
Bar Invest Group is managed by Hervé Barbera and based in Miami, Florida. Bar Invest Group is a real estate investment firm, which manages a growing portfolio of properties across the United States. The firm encompasses all aspects of real estate property ownership and investment, including: acquisition, financing, construction, repositioning and property management. Bar Invest has invested in over 1,500 residential units and in over 600,000 square feet of retail properties.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc.