BOYNTON BEACH, FL – A subsidiary of Walton Street Capital announced that it has acquired a newly built 324 unit apartment complex at 1100 Audace Avenue in Boynton Beach, Florida.
The property, which was completed in 2020, consists of one, two and three-room apartments in six medium-height elevator buildings, which are currently 99% let. It has modern amenities and contemporary interiors. The equipment of the units includes 2.60 m high ceilings, private balconies / terraces, Italian cupboards with soft-close function, open kitchen with quartz islands and stainless steel appliances. Communal facilities include a two-story resort-style clubhouse overlooking a pool, two parks with lots of greenery, playground, game room, kitchen / bar, state-of-the-art fitness center with yoga room and spin studio, conference rooms, and Luxer One automated package system.
The Pacifica is located in downtown Boynton Beach next to the Town Square complex and has direct access to I-95, making it a 40-minute drive from downtown Fort Lauderdale and a 15-minute drive from downtown West Palm Beach is away. Pacifica residents enjoy the property's proximity to parks and beaches, as well as the variety of shopping and dining options nearby.
“This was an attractive opportunity to acquire a high quality, well-let, newly built multi-family facility in a growing market in South Florida in a direct transaction with the developer. We look forward to expanding our multi-family and residential portfolio in markets with strong employment and population growth, ”said Stephen Sotoloff, Senior Principal at Walton Street.
Source: Capital of Walton Street
