Kamson Corporation and Scopus Property Management have acquired the Ponte Verde Condominiums in West Palm Beach for $90 million, marking the largest commercial real estate sale recorded in South Florida on July 28, 2026. The 400-unit property at 1401 Village Boulevard spans roughly 28 acres and was sold collectively by the condominium’s tenants.
Key takeaways
- The Ponte Verde Condominiums sold for $90 million.
- Kamson Corporation and Scopus Property Management were the buyers.
- The 400-unit property covers approximately 28 acres in West Palm Beach.
- The transaction ranked as South Florida’s largest commercial sale recorded that day.
The deal places a sizable West Palm Beach residential property under the ownership of two real estate operators. The sale was part of a broader day of commercial transactions across South Florida, but its value substantially exceeded the other reported deals.
A major West Palm Beach transaction
Located at 1401 Village Boulevard, Ponte Verde consists of 400 condominium units on about 28 acres. Unlike a conventional apartment sale involving a single owner, the property was sold collectively by the condominium’s tenants, according to recorded transaction details.
The $90 million price reflects the scale of the asset and its location in West Palm Beach, one of the region’s active residential and commercial markets. The available deal information does not specify whether the property will remain under its current condominium structure or undergo operational or ownership changes.
Buyers expand South Florida presence
Kamson Corporation and Scopus Property Management were identified as the purchasers. The transaction brings the firms control of a large residential property, though additional details about financing, planned renovations, management changes or future development were not disclosed.
The acquisition also highlights continued investor interest in large housing assets in South Florida. Properties with hundreds of units can offer scale in management and operations, while sizable land holdings may add long-term value in a market where development sites remain closely watched.
How the sale compared with other deals
The Ponte Verde transaction led a group of notable South Florida commercial sales recorded on July 28. Other reported deals included a Medley truck stop that sold for $33 million and a Miami self-storage facility that changed hands for $32.7 million.
A Miami apartment complex sold for $19 million, while the Ponte Verde deal remained the day’s clear leader by price. Its $90 million valuation was more than twice the amount of the next-largest transaction in the reported group, underscoring its significance in the region’s commercial real estate market.
Sources
- South Florida Top Real Estate Deals: July 28, 2026, The Real Deal.