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TA Realty Pays $135M for South Florida Community

November 6, 2017

The Manor CityPlace Apartments, a 398-unit property in Doral, Fla., has traded for $135 million. TA Realty, a private real estate investment firm, bought the asset from the Related Group and its partners, Shoma Group and PGIM Real Estate Investors, who developed the asset. Built in 2014, the six-story building features studios, one-, two- and three-bedroom units. Common amenities include a waterfall jacuzzi, pool with personal cabanas and daybeds, outdoor summer kitchen with fireplace and barbecue area. Interior amenities include a game room, private movie theater, dedicated yoga studio, virtual spinning room, fitness studio, and cyber lounge with coffee bar.

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