Nuveen Sells South Florida Rental for $53M
Tuesday, November 3, 2026 · first reported by Commercial Observer
Nuveen Real Estate has sold Landings at Coconut Creek, a 268-unit apartment complex in Coconut Creek, Broward County, Fla., to Legacy Residential Group for $52.6 million, according to property records. Nuveen paid $45.3 million for the property in 2017.
The buyer, which is based in Miami, financed the purchase with a $35.5 million acquisition loan from TD Bank. The price works out to just over $196,000 per unit. The 22-acre site at 4854 Fishermans Drive was built in 1986 and has 22 two-story buildings, a pool and a tennis court.
- Also named
- Legacy Residential Group, TD Bank
- Deal value
- $52.6M
- Asset class
- Real estate
- Geography
- North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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