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Quickliquidity Purchases Ownership Interest In A 300-unit Apartment Community For $2M | Benzinga

by benzinga.com posted 9months ago 116 views
QuickLiquidity Purchases Ownership Interest in a 300-Unit Apartment Community for $2 Million PR Newswire BOCA RATON, Fla., Aug. 22, 2018 BOCA RATON, Fla., Aug. 22, 2018 /PRNewswire/ -- QuickLiquidity, a private equity firm investing in commercial real estate nationwide, has announced that it has purchased a non-controlling ownership interest in an existing real estate partnership for $2 million. The partnership owns a 300-unit apartment community located in Broward County, Florida. The apartment community was purchased by an experienced multi-family owner in 2014 as a value-add investment opportunity due to the property having a below market occupancy and extensive deferred maintenance.

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