Miramar Apartment Sale Generates $82 Million

A Miramar apartment complex traded for $82 million on the heels of a busy second quarter for South Florida's multifamily sector.

A company linked to Eaton Vance Management's real estate investment arm purchased the 300-unit Miramar Park Apartments from Chicago-based AMLI Residential. The trade, which closed Friday, breaks down to $273,300 per unit.

The Boston-based buyer is a subsidiary of Eaton Vance Corp., one of the oldest investment management firms in the U.S.

Miramar Park Apartments, which sits on 15 acres at 11000 Miramar Blvd., was built in 2015 and last sold as land for $10.5 million in 2012.

The community features a business center, clubhouse, covered parking and a pool house-bar area with TV. A dog park and spa are also included in the amenity package, according to Apartment Guide. Rents range from $1,730 to $2,688 a month, according to units listed on Apartment Guide.

At least a dozen South Florida apartment communities valued at $49 million or more have changed hands since April for a combined value approaching $1 billion.

This year's largest trade was a $159 million acquisition of the Montage at City Center by Harbor Group International in Pembroke Pines.