Our company is focused on acquiring profitable, income producing assets for our portfolio, while also shaping the community by providing clean and quality homes for our residences. This building is a perfect opportunity for this type of venture.
Miami, FL (PRWEB) December 15, 2015
A partnership associated with Javier Cervera, of the well-known Miami real estate family, has just acquired a 24-unit apartment complex near Miami International Airport. The buyer, Airport View II, LLC, acquired the property for $1,825,000 on Wednesday, November 9th. Mercantil Commercebank financed the transaction. This is the latest in a series of acquisitions by Cervera Real Estate Ventures, a company founded by Mr. Cervera.
“Our company is focused on acquiring profitable, income producing assets for our portfolio, while also shaping the community by providing clean and quality homes for our residences,” said Cervera. “This building is a perfect opportunity for this type of venture.”
The building, located at 4271 NW South Tamiami Canal Drive, was built in 1971 and consists of 24 units, to the east of Miami International Airport and west of Melreese Golf Course, in the neighborhood known as Flagami (a combination of Flagler & Tamiami).
Robert Adams, a real estate attorney, and Carlos O. Rovira, a real estate broker, are minority partners in the building. Rovira Realty brokered the transaction, representing the buyer.
About Cervera Real Estate Ventures
Since its beginnings, Miami has been a city shaped by real estate. Today, it is those with vision and hands-on expertise that are best equipped to capitalize on South Florida’s many real estate opportunities and turn them into profitable holdings. For more than a decade, Javier Cervera and the rest of the Cervera Real Estate Ventures team have been that connection – offering joint-venture partners smart, sustainable portfolio growth based on solid research and proven real estate fundamentals.
Optimized real estate positions that increase in value and generate predictable returns are possible, even in the constantly evolving market that is South Florida. This is the advantage that Cervera Real Estate Ventures delivers.
Cervera Real Estate Ventures was founded out of a desire to harness unmatched market intelligence and make it the basis for maximized financial returns. As the second generation of the prolific Cervera Real Estate brokerage family, Javier Cervera draws upon a lifetime of hands-on expertise and a name that has played a pivotal role in building the South Florida skyline since 1960.
After working in numerous real estate roles including Sales, Acquisitions, Management, and Finance; Mr. Cervera recognized an untapped market opportunity. Few portfolio managers were giving individualized attention to each asset within the portfolio nor were they typically providing reliable first-hand knowledge about South Florida’s market and its neighborhoods. And even fewer one-property acquisitions were being effectively managed to reduce risk and maximize returns. Thus the Cervera Real Estate Ventures approach that combines Acquisitions, Partnerships, and Management was born.