Marcus & Millichap Completes $32.28 Million Sale of Four-Property Multifamily Portfolio in Sunrise, Florida

Reuters

01 Aug

Marcus & Millichap Completes $32.28 Million Sale of Four-Property Multifamily Portfolio in Sunrise, Florida

Marcus & Millichap Inc., a prominent commercial real estate brokerage firm, has successfully closed the sale of a four-property multifamily portfolio in Sunrise, Florida, for $32.28 million. The portfolio, totaling 184 units, was sold to Category Five Real Estate LLC and consists of Sunrise Gardens, Riverview Apartments, Lake Success Apartments, and La Haina Apartments. Notably, the portfolio includes a rare mix of 60 three-bedroom units in one community. The new owners, Leon and Mike Peisach, plan to implement a value-add program to enhance the properties and increase revenue.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on July 31, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Marcus &amp; Millichap Inc. published the original content used to generate this news brief on July 31, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MMI","symbol_name":"Marcus & Millichap Inc","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250731:nNDL4YxbKN:1","article_id":"2556859079","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2556859079","pubTimestamp":1753999069,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Marcus & Millichap Inc., a prominent commercial real estate brokerage firm, has successfully closed the sale of a four-property multifamily portfolio in Sunrise, Florida, for $32.28 million. 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