CBRE PRIVATE CAPITAL GROUP REPRESENTS BANK IN REO SALE TO FOREIGN BUYER

CBRE PRIVATE CAPITAL GROUP REPRESENTS BANK IN REO SALE TO FOREIGN BUYER

Homestead, FL – March 27, 2012 – (RealEstateRama) — CBRE arranged the sale of a Card Sound, a 105-unit bank-owned property in Homestead, FL. The property at 27707 South Dixie Highway was acquired for $4.55 million ($94 per square foot or $43,336 per unit) from Community Bank of Florida by a foreign investment group known as 105 Units Homestead Investment, LLC.

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CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

Contact:

Robert W. McGrath
Senior Director, Corporate Communications

+1 212 9846515
+1 800 7996523 FREE

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