Private Equity

Boynton Beach | Rockpoint Group | Morgan Group

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A joint venture between Morgan Group and Rockpoint Group closed on a construction loan for a luxury rental development in Boynton Beach. Wells Fargo is providing the $66 million loan to Cortina III Owner LLC, property records show. The developers acquired the site at 550 Minori Lane in July for nearly $20 million from BlackRock. Morgan Group, a Houston, Texas-based residential developer, and Rockpoint, a Boston-based private equity firm, plan to build 378 luxury apartments ... [more]

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