EDEN/Cypress Equity Receives $73M for Tamarac Property

November 07, 2023

EDEN Multifamily and joint venture partner Cypress Equity Investments sold the Eden West apartment community in Tamarac for $73 million. The venture completed the 212-unit garden-style development this summer. EDEN said the project was experiencing brisk leasing activity and nearing stabilization at the time of the community’s disposition. The buyer is 8601 West McNab LLC.

Amenities include a saltwater pool, fitness center, landscaped area with outdoor fitness equipment, a resident club room and lounge with coworking spaces, electric car charging stations, and open surface parking accommodating 300 spaces.

EDEN has a robust portfolio of nearly 1,200 units under construction across Florida and another 3,000 in the pipeline.

Link: Connect CRE