This week it became known that Greystar Real Estate Partners sold luxury apartment development The Miles, located near Coral Gables for $ 40 million.

MiamiDiario Newsroom

Greystar Real Estate Partners, is a firm located in the town of Charleston in South Carolina, managed to sell the property it has 120 apartments and is located at 3622 Southwest 22nd Street in the city of Miami for $333.333 per unit, it was announced

About us Acumen Real Estate, whose headquarters are in the city of Miami, was the company that bought the complex from luxury apartment, TheMile.

Those in charge of listing the property last September were Robert Given of Cushman & Wakefield, Troy Ballard, Zachary Sackley, Calum Weaver and James Quinn.

Built in 2016, The Mile apartment complex sits on 234.992 square feet on a 0.87-acre lot, property records show.

Areas that bring great value to The Mile apartment development include: 3.000 square feet of retail space downstairs, a resort-style pool, sundeck, gym, lounge, and gated parking.

La average rent is $2.200 monthly, or $2,50 per square foot.

Each apartment covers just under 900 square feet.

In the month of September 2019, the firm Cushman & Wakefield reported that 95% of the apartments were occupied.

Notably Greystar Real Estate Partners is one of the most active multi-family investors in South Florida and nationally.

They have consolidated more than $14 billion in rental housing projects in the United States.

Last July, Greystar Real Estate Partners sold a 214-unit apartment development near Lake Worth Beach for $ 47.8 million..

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