Madison Realty Capital has provided a $58 million loan to The Related Group and 13th Floor Investments for the purchase of Arium Lincoln Pointe, a waterfront multifamily property in Aventura, Florida. According to reports, RMR is the seller.
Situated on a sprawling 9-acre lot adjacent to Williams Island with water surrounding three sides, Arium Lincoln Pointe offers residents convenient access to Miami and Fort Lauderdale as well as various shopping, dining, and entertainment options in Aventura. Constructed in 1991, this garden-style apartment complex comprises four residential buildings spanning three stories each and features a total of 285 units – including 165 one-bedroom units and 120 two-bedroom units. Amenities at the property include a resort-style pool area with waterfront views,a sundeck,and an updated two-story clubhouse complete with game roomand fitness center.
Located just north of downtown Miami by about fifteen miles,Aventura is also home to Florida’s largest shopping mall -the renownedAventura Mall.
With over $5 billion worthof real estate assets under management across various sectors such as residential,
commercial,multifamily industrial,value-add,and development projects,the experienced team at13ᵗʰ Floor continues their successful track recordwith this latest acquisition loan for an apartment complexinAventura.
