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Private Equity Firm Pays $15M For Delray Beach Apartments

by therealdeal.com posted 2weeks ago 12 views
An entity tied to a private equity firm paid $14.75 million for the Residences at Latitude Delray Beach, with plans to convert the apartment complex to annual rentals. PDE Latitude Delray LLC, managed by Marlena Demenus, the managing partner of New York-based Sky Lake Partners, bought the 42-unit multifamily property at 225 and 3130 South Latitude Circle. Currently, half of the units are rented out as furnished vacation rentals, but Demenus plans to convert them ... [more]

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