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Pinnacle JV Buys $64M Stake in Lincoln Pointe Project

Tarragon, Shefaor Control Majority Interest in 285-Unit Apartment Complex in FL; Future Plans Include High-Rise Condo Development
By Jonathan Heifetz
August 14, 2006 | 6:50 P.M.

A partnership including Brian Stolar of Millburn, NJ-based Pinnacle Communities acquired a 20.5% interest in the 9.1-acre Lincoln Pointe, at 17900 NE 31st Court in Aventura, FL, from a partnership of New York-based Tarragon Corp. and Miami-based Shefaor Development for $64 million.

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