Overview
- Affinius Capital originated a $110 million acquisition loan that Walker & Dunlop’s Aaron Appel, Dustin Stolly and Michael Ianno arranged.
- PGIM Real Estate sold the 340‑unit asset for $131.8 million, or about $386,510 per unit, according to Yardi Matrix.
- The Class‑A property spans 31 acres with mainly two‑ and three‑story townhomes featuring direct‑access garages at 10000 South Gardens Drive.
- Amenities include a pool with cabanas, fitness and yoga facilities, a coworking lounge, an indoor sports court, a library, EV charging and roughly 798 parking spaces.
- Dermot partnered with PGGM and TD Asset Management, as lenders and brokers cited Palm Beach County’s strong demographics, including a reported 72% population increase within one mile since 2010 and $204,000 median household income.