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AREA property closes on multifamily investments in Miami

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By : Anny Christian    99 or more times read
Miami rental is a great investment which can help you get some of the best homes at affordable prices. AREA Property Partners along with Wood Partners have closed down on the acquisition of Terrazas River Park Village which is high class 324 units building situated along the Miami River. Looking at the much demand of Miami rental property, AREA Property Partners want to lease this property as high as top quality apartments. The location of this property is really posh as it is located at 1861 N.W South River Drive; however the real value of this off-market transaction has been kept under the wraps.

Basically it was built for sale as condominiums and now this has become one of the most sought after Miami rental option for the people who want rent an apartment. For all those who are looking for an apartment on rent, this is a wonderful deal as they will be offered superior finishes and amenities and that too at competitive prices. According to the sources, the leasing of this Miami rental began in mid July and till now almost all the inventory has been leased out.

In this Miami rental, there are open lobbies, lushly landscaped pool and spa which make the living all the more fun. The residences in this building are one, two or three bedroom units or they are luxurious two-story penthouse and townhome units. Since it is located alongside Miami River, it will also offer a great view for all the residents.

This River Park village consists of contemporary towers constructed on 2.15 acre land and E.G. Sewell Park which is spread across an area of 10-acre. With all the luxury facilities and amenities, this place is just right for those who are eyeing Miami rental property in the region. Talking about this closure, Director Wood Partners said, “There was a very short gap between the find and the close on this acquisition, and the reason we were able to accelerate the process is because of our strong financial partnership with AREA.”

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