Nuveen has sold the Landings at Coconut Creek, an apartment complex in Broward County, to Legacy Residential for $53 million, according to a South Florida Business Journal report. The reported sale transfers ownership of the property to Legacy. The report’s available details do not specify the number of apartments or other terms of the transaction.
Key takeaways
The reported transaction is a $53 million sale of a Broward County apartment property. Key points include:
- Seller: Nuveen
- Buyer: Legacy Residential
- Property: The Landings at Coconut Creek
- Reported sale price: $53 million
The transaction
The sale brings together Nuveen as seller and Legacy Residential as buyer, with the Landings at Coconut Creek identified as the property involved. The reported price is $53 million. No additional information about financing, closing terms or the timing of the transfer was included in the available report details.
The property and buyer
The Landings at Coconut Creek is located in Coconut Creek, a city in Broward County. The report identifies Legacy Residential as the purchaser, but the available information does not describe the company’s plans for the complex or any intended changes to its operations.
Details not provided
The available report does not state the complex’s unit count, occupancy, construction date or the property’s previous sale history. It also does not provide comments from Nuveen or Legacy Residential. Those details would help clarify the scale of the acquisition and its implications for residents, but they are not established by the information currently available.
Sources
- Nuveen sells the Landings at Coconut Creek apartments to Legacy Residential, The Business Journals.