In Miami’s Edgewater neighborhood, Walker & Dunlop facilitated the sale and financing of The Hamilton, a 276-unit bayfront high-rise. Aimco was the seller and Kushner Companies was the buyer for this $190 million transaction. Still Hunter led Walker & Dunlop’s South Florida Investment Sales team in arranging the sale on behalf of Aimco, while Aaron Appel from their New York Capital Markets team secured a $157 million financing package for Kushner.
Originally built in 1984, The Hamilton underwent a full renovation by Aimco after they purchased it in 2020. Completed in 2022, this waterfront property offers one to five bedroom apartments averaging at 1,373 square feet each. According to Walker & Dunlop, these apartments have some of the largest private outdoor terraces available in South Florida with an average size of 326 square feet and some as large as over two thousand square feet.
The news source Connect CRE reports that Kushner paid $190 million for these luxurious Edgewater apartments through assistance from lenders Apollo Global Management and Macquarie Group.
