January 4, 2016
Greystone and ALTA Developers have sold The Mile, a 120-unit luxury apartment property in Miami, FL, to Monogram Residential Trust Inc. The buyer, a real estate investment trust, paid $48 million for the property at 3622 S.W. Coral Way.
The Mile was completed in July 2015 and is anticipated to open in the first quarter of this year.
Jaret Turkell, Jeffrey Julien and Maurice Habif of HFF represented the sellers in the off-market transaction.