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Integra bets on limited mid-priced apartment availability with West Palm Beach purchase

Firm expands South Florida multifamily portfolio to 12 properties
Monaco Isles was built in 1987 and consists of 317 units across a collection of two-story garden-style buildings. Asking rents at the apartment complex have declined more than 6% over the past year even as vacancy rates have remained at 2%. (CoStar)
Monaco Isles was built in 1987 and consists of 317 units across a collection of two-story garden-style buildings. Asking rents at the apartment complex have declined more than 6% over the past year even as vacancy rates have remained at 2%. (CoStar)
CoStar News
October 17, 2024 | 8:41 P.M.

Real estate development firm Integra Investments has completed the purchase of a West Palm Beach, Florida, apartment complex as the company looks to expand its portfolio in the area through so-called value-add acquisitions where it can make improvements to boost rents.

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