Grand Peaks pays $63M for West Kendall apartments

Written By Grand Peaks

Denver-based Grand Peaks made a major strategic move into South Florida with its $63 million acquisition of the 264-unit Cascades at the Hammocks in West Kendall. Built in 1988, the garden-style property spans nearly 10 acres and trades at ~$238K per unit. The deal underscores Grand Peaks’ aggressive expansion and value‑add play in one of Miami-Dade’s most promising multifamily markets, supported by stabilized operations and favorable capital market conditions.

South Florida Business Journal (Grand Peaks pays $63M for West Kendall apartments) —>

The Real Deal (AEW sells Miami apartment complex to Grand Peaks for $63M) —>

Grand Peaks https://www.grandpeaks.com
Previous

Denver's historic Loretto Heights redevelopment is taking shape with new local partners
Next

Davis student housing project sold for $21 million while under construction