South Florida Business Journal Benjamin Group has bought the Morea Apartments, a 327-unit complex in Pompano Beach, Fla., for $145.5 million, or about $444,954/unit. The Garden City, N.Y., company acquired the property from an affiliate of Fairfield Residential of San Diego. New York Life Insurance Co. has provided $75 million of acquisition financing to the […]

The post Fairfield Sells South Fla. Multifamily Property for $145.5Mln appeared first on Commercial Real Estate Direct.