**Category Five Real Estate Acquires Four Vintage Multifamily Communities in Sunrise, Florida**
Category Five Real Estate (CFRE), led by brothers Mike and Leon Peisach, has secured financing to acquire a portfolio of four vintage multifamily communities in Sunrise, Florida. The Sunrise Portfolio consists of 185 units spread across four properties. The seller of the portfolio was Jomy Zacharias.
CFRE’s purchase price for the portfolio was $32.28 million. Berkadia Miami’s Brad Williamson, alongside Mitch Sinberg, Matt Robbins, and Kyle Ryan, arranged a $21 million loan for the acquisition. The financing was provided by Santander’s Peter Triano and features a five-year, fixed-rate term with two years of interest-only payments and a 30-year amortization schedule.
The firm plans to implement a value-add strategy through the renovation of interior and exterior components, the addition of modern amenities, and the development of community-focused enhancements.
All four properties were constructed between 1969 and 1973 and are located less than a mile apart in Sunrise. Each property features one- or two-story garden-style concrete block buildings. The properties in the portfolio include:
– **Sunrise Gardens** – 2117, 2113, and 2108 NW 64th Avenue
– **La Haina** – 7041 Sunset Strip
– **Lake Success** – 6354, 6270, and 2551 NW 26th Street
– **Riverview** – 2650 NW 64th Avenue
With this acquisition, CFRE continues to expand its multifamily holdings while investing in the long-term improvement and revitalization of classic housing communities in the South Florida region.
