Walton Street Capital pays $93M for South Florida rental complex
324-unit complex was recently completed
Walton Street Capital bought the Pacifica Boynton Beach apartment complex for $92.7 million.
Records show Walton Street, through an affiliate, bought the property at 1100 Audace Avenue from Miami-based Alta Developers.
The deal breaks down to $286,034 per unit.
The 324-unit complex consists of several buildings completed in 2019 and 2020 on roughly 10 acres, according to property records.
Alta bought the site for $11.5 million in 2016, records show.
The group, led by Raimundo Onetto, also developed the apartment projects EON Flagler Village in Fort Lauderdale and Quadro at the Miami Design District, as well as Neovita Doral condominium, according to its website.