Reported Oct 14, 2026 · Source: CRE News
The Lapis is an other sale in Miami Urban Core (Downtown / Brickell / Wynwood), Miami. Other details we have: buyer Affordable Housing Preservation Corp.; seller venture of Toll Brothers, Global City Development and RER Ventures; price $168.5M; size 1,086 beds; $155,157 per bed. CRE News reports: “South Florida Business Journal Affordable Housing Preservation Corp. has paid $168.5 million, or $155,157/bed, for the Lapis, a 1,086-bed student-housing property near the campus of Florida International University in Sweetwater, Fla. The Jacksonville, Fla., nonprofit acquired the property from a…”
Quoted from the article; the other facts come from our own deal listing.
Read the full report at CRE News. What the article says:
South Florida Business Journal Affordable Housing Preservation Corp. has paid $168.5 million, or $155,157/bed, for the Lapis, a 1,086-bed student-housing property near the campus of Florida International University in Sweetwater, Fla. The Jacksonville, Fla., nonprofit acquired the property from a venture of Toll Brothers, Global City Development, and RER Ventures. The deal, which was arranged […]
Article date: 2026-10-14T18:07:52+00:00
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