Boston-based Berkshire Group, a real estate investment management company, has bought Aviva Coral Gables, a luxury apartment community located in the Miami market. No financial terms were disclosed.
BOSTON–(BUSINESS WIRE)–Berkshire Group announced the purchase of Aviva Coral Gables. The recently built 276-unit luxury apartment community will be renamed Berkshire Coral Gables. The property is located in the Miami market in Coral Gables, Florida, near the Shops at Merrick Park.
“Aviva Coral Gables represents Berkshire’s first acquisition in the Miami market and our continued commitment to Southeast Florida, following the purchase of Manor Lauderdale by the Sea last year,” noted Greg Collins, Vice President, Multifamily Acquisitions, Berkshire Group. “The property checks all the boxes for us. The Coral Gables submarket is internationally recognized and has some of the strongest demographics in the Miami metropolitan area. It is a true transit-oriented development located within walking distance to destination retail at the Shops at Merrick Park and the Douglas Road Metrorail Station, providing residents convenient access to downtown Miami and the Miami International Airport.”
Berkshire Coral Gables features a heated saltwater swimming pool and soaking spa, outdoor courtyard and kitchen with Viking gas grills, cyber café, dog spa/dog walk, and a sports lounge. Interior apartment features include condominium quality finishes including custom Italian soft-close cabinetry, quartz and granite countertops, stainless steel appliances, USB port outlets, full size washers and dryers, and spacious walk-in closets.
About Berkshire Group
Berkshire Group is a real estate investment management company primarily known for its multifamily investment and operational experience. In addition to deploying capital through equity, debt and development in the multifamily arena, Berkshire invests in opportunistic ventures in other real estate sectors through its Venture Investments group. Over more than four decades, Berkshire’s team of industry leaders has gained a reputation for being able to identify opportunities and effectively manage through various economic environments, establishing a long-term track record of solid performance based on thoughtful, leading edge strategies, and operational experience. The Company has experience in disciplines including acquisitions, portfolio and property management, debt, development and redevelopment. Berkshire, a registered investment advisor, is headquartered in Boston and has offices in Atlanta, New York, Baltimore, Dallas, Houston and San Francisco. As of March 31, 2017, Berkshire Group had approximately $7.0 billion in real estate assets under management. For more information on Berkshire, please visit www.berkshire-group.com.