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May 15, 2019  

Hines Lists New Miami-Area Rentals

Hines is marketing a new apartment property in suburban Miami that could fetch $190 million from core buyers.The 550-unit luxury complex, in Doral, Fla., was built last year and is already 98% leased. At the estimated value of $345,000/unit, a buyer’s initial annual yield would be in the mid-4% range. The Houston developer listed the property with Cushman & Wakefield.Units range from studios to three bedrooms and average 911 square feet....

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