Multifamily Acquisition

Grand Central

Miami, Florida

Avanti Residential, an experienced multifamily investor and operator, utilized a Safehold ground lease to facilitate the acquisition of Soleste Grand Central, a 360-unit, newly developed multifamily asset in Miami.

Safehold’s ground lease was paired with an agency leasehold loan to capitalize the project. The transaction closed in July 2022.

The transaction marked the sixth between Safehold and Avanti over a two-year span, all 99-year ground leases created on acquisition of newer vintage multifamily properties. The acquisitions totaled more than 1,600 units in Florida and Colorado.

Connect with Safehold

East Coast

Tim Doherty

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Ryan Howard

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Tye Palonen

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Steve Wylder

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South Central

Arie Toporovsky

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Eric Wright

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