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California-Based Investor Buys Miami's Art 88 Apartments

Grand Peaks Properties Sells 294 Units for Nearly $87.3 Million
The apartments were built in 1971 on over 9.2 acres in the Fontainebleau east multifamily market of Miami/Dade County. (CoStar)
The apartments were built in 1971 on over 9.2 acres in the Fontainebleau east multifamily market of Miami/Dade County. (CoStar)
By Justin Sumner
CoStar News
June 7, 2022 | 7:41 P.M.

Trion Properties, a Los Angeles-based private real estate investment firm specializing in value-add properties in select markets, opened a Miami office last year and has been actively expanding its presence in the Southeast since then. Its latest move, the acquisition of a 294-unit apartment complex in the Miami Springs/Doral neighborhood, represents its fifth regional acquisition in the past nine months and its first in Miami.

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IN THIS ARTICLE


  • Properties
    • Art 88

      8855 Fontainebleau Blvd, Miami, FL