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February 13, 2019  

Miami Apartment Complexes on Block

A Related Group joint venture is shopping two adjacent luxury apartment properties in Miami that are expected to fetch bids around $200 million.The garden-style complexes, in the Doral submarket, have a total of 720 units. At the estimated value of $278,000/unit, the buyer’s initial annual yield would be at or just below 5%. Cushman & Wakefield is launching a formal marketing campaign this week for Miami-based Related and Rockpoint Group of...

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