CBRE SELLS RIVERWALK II IN HOMESTEAD, FL FOR $6,200,000

    CBRE SELLS RIVERWALK II IN HOMESTEAD, FL FOR $6,200,000

    Homestead Beach, FL – March 28, 2013 – (RealEstateRama) — The CBRE Multi-Housing Private Capital Group arranged the sale of Riverwalk II located at 301 SE 6th Avenue in Homestead, FL. Riverfront Capital, LLC, a local private capital group, sold the property or $6,200,000 or $55,357 per unit ($65 per square foot) to YTech Development, LLC, based in Miami. The sale was a Low Income Housing Tax Credit (LIHTC) transaction.

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    CBRE

    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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