An entity tied to New York-based investment behemoth Blackstone bought the One Boynton apartment complex for $171 million.
The buyer, which lists several Blackstone executives, purchased the 494-unit apartment complex at 1331 and 1351 South Federal Highway in Boynton Beach from an affiliate of Atlanta-based RangeWater Real Estate, according to records.
The deal breaks down to $346,154 per door. The five-building One Boynton, built in 2009, includes a swimming pool, a garage and 43,236 square feet of retail on roughly 14.8 acres, property records show.
Read more/Source: The Real Deal
