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Atlanta-Based Investor Buys South Florida Apartment Community

Wood Partners Sells Delray Station for $73.9 Million
The Delray Station apartments were built in 2017 on 8.8 acres in Palm Beach County. (CoStar)
The Delray Station apartments were built in 2017 on 8.8 acres in Palm Beach County. (CoStar)
By Nigel Davidson
CoStar Research
August 5, 2020 | 7:33 P.M.

Wood Partners sold the 284-unit multifamily community at 1720 Depot Ave. in Delray Beach, Florida, for $73.9 million, or about $260,000 per unit, to Cortland. The Atlanta-based firm has rebranded the property as Cortland Delray Station

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