Related Group sells new Broward apartment complex for $87M

The Related Group sold its recently-completed Town at Pembroke Pines apartment complex for $87 million to Rockpoint Group.

The Miami-based developer opened the 356-unit apartment complex at 10700 City Center Blvd. in 2016. Its buildings range from two to four stories. There’s one townhouse building with attached garages. Amenities include a pool deck with cabanas, a demonstration kitchen and dining area, a game room, a movie theater, a playground, a tot lot, and courts for tennis, volleyball and…

Source: Arizona Business Journal