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Ultimate Equity Buys Hollywood, Fla., Townhouse Project for $32M
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Commercial Observer
Ultimate Equity has acquired a 69-unit townhome community in Hollywood, Fla., for $32 million, Cushman & Wakefield announced.
Built in 2009 at 3200 Stirling Road, Royal Oaks comprises 13 buildings totaling 116,886 square feet across a 5.1-acre site.
Monthly rents range from $3,228 to $3,281, according to the Royal Oaks website.
“Assets like Royal Oaks practically never come to market in Emerald Hills,” Fernandez said in a statement.
“It is a gated, for-rent townhome community in one of Hollywood’s most desirable and supply constrained neighborhoods.