Capital Square buys Parkland apartments for $155M

December 12, 2022

Bell Partners sold an apartment complex in Parkland for $155 million, marking the third time this month that the firm has cashed out of a Broward County multifamily property.

Capital Square, a firm focused on tax-beneficial investments such as 1031 exchanges, bought the garden-style Bell Parkland community at 5851 Holmberg Road, according to records and real estate database Vizzda. The buyer took out a $73.4 million loan on the property.

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