FORT LAUDERDALE, FL - The Altman Companies, a Florida-based nationally recognized developer, builder, and manager of exceptional rental apartment communities, has announced the sale of Altís Boca Raton, located in Boca Raton, Florida, to a Miami, Fla., based real estate private equity fund.
The community was developed in a joint venture with GID Real Estate Investments, a Massachusetts-based vertically integrated real estate developer, investor and operator.
“Over the past 50 plus years, we’ve developed and assembled a portfolio of apartment communities that have redefined the Exceptional Living Experience in Florida and across the country,” said Joel Altman, Chairman and CEO of The Altman Companies. “We are so proud of the new high standard that we established with the development of Altís Boca Raton.”
Altís Boca Raton is a 398-unit, ultra-luxe midrise apartment community in Boca Raton, located at 5500 N. Military Trail, on the East side of Military Trail, just North of Yamato Road. The six-story, LEED-certified apartment community features spacious apartment homes with one- two- and three-bedroom units ranging in size between 740 – 1,399 square feet.