Fort Lauderdale apartment buildings sell for $227M

EON Squared exterior

Fort Lauderdale apartment buildings sell for $227M

Union Investment acquired the Eon Squared apartments in Fort Lauderdale.

The Eon Squared apartment buildings in the Flagler Village neighborhood sold for $226.5 million in one of the biggest real estate deals in Fort Lauderdale of 2021.

Alta Flagler Village LLC and Alta Flagler Village Phase II LLC, both part of Miami-based Alta Developers sold the 478 apartments at 421 N.E. Sixth St./Sistrunk Blvd. and 444 N.E. Seventh St. to Hamburg, Germany-based Union Investment. The price equated to $473,849 a unit, a strong valuation that reflects the increase in rents landlords have obtained in Fort Lauderdale.

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