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ARA Newmark announces the sale of The Fountains, a 1974 vintage, 542-unit value-add garden style apartment community located in Palm Beach Gardens, Florida.

Hampton Beebe explained, “Palm Beach Gardens continues to gain momentum as one of South Florida’s top performing, highest barrier to entry and most affluent sub-markets. The Fountains is ideally located in the center of everything. The property’s AAA location and Advenir’s planned interior and exterior rehab program will generate top of the market rental growth for this asset.

ARA Newmark announces the sale of a 718-unit multihousing portfolio located in Coconut Creek and Sarasota, Florida.

Avery Klann explained, "The portfolio allows the buyer to own two concrete block-constructed properties in strong Florida submarkets. Both assets have significant value-add upside remaining, allowing the new owner to complete a proven renovation strategy."

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