Annie Pearl

SOLD: TAMARAC COMPLEX FOR $16M IN NORTH MIAMI, FL




NORTH MIAMI, FL (November 2015) - After picking up a nearly 600-unit apartment complex in North Miami this week, multifamily investor Moshe Popack has sold a Tamarac rental community for $16.3 million, records show.

YMP Golf Villas, a company controlled by Fisher Island-based Popack, sold the 166-unit townhome complex, the Golf Villas at Sabal Palm. The townhomes, at 5900 Northwest 46th Terrace, sold for an average $98,000. Broward County records show that Golf Villas Square was the buyer.

The Related Group owned the 11-acre complex before Popack purchased it for $10.8 million in 2012, according to Broward County property records. It was developed in 1986 and includes a community pool.

Tamarac is in western Broward County, south of Coral Springs and north of Sunrise. Both buyer and seller were represented by Annie Pearl of KW Commercial.