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Greystar affiliate sells Miami apartment complex for $40M

Jan 14, 2020 - SNL Real Estate Daily

The buyer is an affiliate of Acumen Real Estate, according to the South Florida Business Journal.

An affiliate of Greystar disposed of The Mile at Coral Gables apartment complex in Miami, the South Florida Business Journal reported.

GS Mile, previously known as Monogram Residential Mile, sold the 120-unit property at 3622 S.W. 22nd St. for $40 million.

The buyer, Acumen Real Estate affiliate Mile Apartments LLC, assumed a $21.5 million mortgage from Walker & Dunlop.

The 1...