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Palm Beach City Multifamily Sells for $48M

Buyer Plans Condo Conversion for 216-Unit Aventine at Boynton Beach
By Jonathan Heifetz
May 5, 2006 | 4:02 P.M.

Irving, TX-based Archon Group L.P., a division of Goldman Sachs, sold the 216-unit Aventine at Boynton Beach at 1108 Pinehurst Drive in Boynton Beach, FL to Chicago-based American Invsco. A source close to deal valued the transaction at $48 million, or approximately $222,250 per unit.

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News | Palm Beach City Multifamily Sells for $48M