Marcus & Millichap’s Institutional Property Advisors Division Brokers $90.5 Million Sale of 400 Multifamily Units in West Palm Beach
Marcus & Millichap's Institutional Property Advisors division brokered the $90.5 million sale of the 400-unit Ponte Verde at Palm Beach Lakes to Kamson Corp. The transaction involved a condominium-to-multifamily rental conversion, driven by strong housing demand and regulatory challenges in Florida.
Key figures
- Deal value
- 90500000
- Sales volume 2025
- 50800000000
- Transaction units
- 400
AI analysis
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