Kamson Corporation and Scopus Property Management have acquired Ponte Verde Condominiums in West Palm Beach for $90 million, marking the largest South Florida commercial real estate sale recorded on July 28. The 400-unit property spans roughly 28 acres, underscoring continued investor interest in large residential assets across the region.
Key takeaways
- Ponte Verde Condominiums sold for $90 million.
- Kamson Corporation and Scopus Property Management were the buyers.
- The 400-unit property is located at 1401 Village Boulevard in West Palm Beach.
- The transaction was the largest commercial sale recorded in South Florida that day.
The sale involved the collective ownership of Ponte Verde’s condominium tenants, who sold the property to the investment group. The building’s size and expansive site make it a notable addition to Kamson and Scopus Property Management’s South Florida holdings.
A sizable West Palm Beach residential asset
Ponte Verde contains 400 units and sits on approximately 28 acres at 1401 Village Boulevard. The transaction gives the buyers control of a substantial residential community in one of South Florida’s most active real estate markets.
The deal also highlights the appeal of West Palm Beach, where population growth, employment expansion and demand for housing have supported investment in multifamily and condominium properties.
Deal reflects broader investment activity
The $90 million acquisition led a group of notable South Florida transactions recorded July 28. Other deals included a Medley truck stop sale for $33 million and the $32.7 million purchase of a Miami self-storage facility.
Additional activity included the $19 million sale of a 112-unit apartment complex in Miami’s Little Haiti area. Together, the transactions show continued activity across several commercial property categories, even as investors pursue different strategies in residential, industrial and storage assets.
What the acquisition could mean
Kamson’s purchase expands its position in the region’s residential market, while Scopus Property Management brings a management-focused partner into the ownership structure. The buyers’ plans for Ponte Verde were not disclosed in the available transaction details.
For West Palm Beach, the sale represents a significant transfer of a large housing asset and a fresh example of institutional and private investors targeting established communities with substantial unit counts.
Sources
- South Florida Top Real Estate Deals: July 28, 2026, The Real Deal.