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Acumen Real Estate Closes on $35.7M Multifamily Portfolio

Archon Grp Sells 148-Unit Water's Edge Apartments, 149-Unit Fountains at Delray Beach
By Melannie Skinner
February 29, 2012 | 3:22 P.M.

Miami-based Acumen Real Estate purchased two apartment communities at 14401 S. Military Trail and 500 N. Congress Avenue, both in Delray Beach, FL, from Texas-based Archon Group LTD for $35.676 million, or approximately $120,000 per unit.

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