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Advenir Acquisition: 542 Units - Palm Beach County, FL

Feb 05, 2018

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.

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