Premier investment opportunity offers 300 apartments with trophy-class amenities
Pembroke Pines, FL – September 9, 2014 – (RealEstateRama) — CBRE has been engaged as exclusive marketing representatives for Altis at Sheridan Village, a new Class AAA residential community in Pembroke Pines, FL. The premier South Broward investment asset at 16700 Sheridan Street features 300 units, averaging 1,093 square feet, each with individual private entries, and luxury amenities. Residents began moving in March 2014 and the property is now nearing stabilized occupancy.
“This well-positioned opportunity – truly the highest quality asset in this submarket – not only benefits from best-in-class amenities, but from The Altman Companies’ proven track record for excellence. With steady rent growth anticipated over the next few years, this represents a rare chance to capture a significant investment return from a trophy asset in one of South Florida’s most desirable markets,” said Vice Chairman Robert Given of CBRE’s Capital Markets, Multifamily.
Completed in 2014, Altis at Sheridan Village offers units in six floor plans, each with 9-foot ceilings, walk-in closets, full-size washer-dryers and WiFi. Other interior features include kitchen granite, upscale ebony wood cabinetry and plantation-style window treatments. The property itself includes gated access, two large lakes and conservation areas, garage spaces accessible from 124 units, and 36 climate-controlled storage units. Additional community facilities include a heated beach-entry pool and spa with sundeck; private cabanas and hammocks; 24-hour fitness center; an outdoor demonstration kitchen and lounge with fireplace, surround sound, TVs, and entertainment deck; a playground; a jogging path, putting green and dog park; and community garden.
Altis at Sheridan Village offers easy access to major thoroughfares, including Interstate 75 and the Florida Turnpike, as well as proximity to employment centers, upscale shopping, dining destinations, and professional services. It is one of only two rental communities located west of I-75 and is within a few miles of the new South Florida FBI Headquarters that is currently under construction.
In representing the property, Mr. Given is joined by CBRE’s Zachary Sackley, Gerard Yetming and Mary Kate Swann of CBRE’s Capital Markets, Multifamily, collaborating with Charles Foschini and Christopher Apone of CBRE Debt & Structured Finance.
About CBRE Group, Inc.
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 and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 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. Please visit our website at www.cbre.com.