News News  ›  Scheck Group completes Investment in San Tropez

Scheck Group Completes Investment In San Tropez

Published May 2nd, 2012

Scheck Group is proud to announce the completion of a new Multi-family investment  in San Tropez.

 

  

For Immediate Release

 

 

May 2012 - Scheck Group has completed an investment in San Tropez, a 480 unit Multi-family property located in Pembroke Pines, Florida.  This investment is led and managed by Advenir. Founded in 1996, Advenir is a premier provider of multi-family real estate investment and management services. Advenir, Inc. owns and manages a total real estate portfolio valued at over $350 million.

 

The San Tropez Apartments was constructed in 1974 and consists of a total of 379,200 sq. ft.  Located at 7840 NW 3rd Street in Pembroke Pines, FL, it is comprised of one and two bedroom floor plans.  San Tropez has an average unit size of 790 sq. ft.   SG and Advenir believe that there is a significant void for quality workforce housing in the immediate San Tropez area, which is why the property has historically maintained a strong occupancy rate in the mid 90% range.

 

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