Alta Mira Apartments in Miami Sell for $52.7 Million

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Georgia-based Wood Partners sold the 240-unit Alta Mira Apartments Friday for $52.7 million or $219,500 per unit. The buyer, local investment company Advenir, funded the sale with a $38.7 million Freddie Mac loan.

The Alta Mira Apartments were built in 2013 near the southwest corner of Biscayne Boulevard and 123rd Street. Nearby shopping includes Whole Foods, The Home Depot, and CVS Pharmacy.

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Dividend Capital Buys Suniland Shopping Center for $66.5 Million

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Dividend Capital purchased the 98,000 square foot Suiland Shopping Center yesterday for $66.5 million from Terranova Corporation. This neighborhood shopping center was built in 1954 near the southeast corner of Dixie Highway and 112th Street in Pinecrest. CVS Pharmacy holds a lease on a portion of the property.

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