May 13, 2019 – 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.