Advenir Pays $61M for Miami-Area Asset
The buyer also secured a five-year Freddie Mac acquisition loan.
Advenir Azora has purchased Advenir at Lighthouse Point—formerly known as Bell Lighthouse Point—a 249-unit upscale community in Pompano Beach, Fla. Bell Partners sold the asset for $60.9 million, according to Yardi Matrix information.
Advenir also secured a $53.3 million acquisition loan through Freddie Mac, in a transaction arranged by JLL Capital Markets. The fixed-rate note is scheduled to mature in January 2030.
The community had previously been under Bell Partners’ ownership since 2019, when the company purchased the asset from M-M Properties, for $58.5 million, or $234,939 per unit, the same data provider shows.
Completed in 2015 on a 5-acre site, the six-story Advenir At Lighthouse Point encloses units with one- to three-bedroom layouts, ranging from 653 to 1,284 square feet. Shared amenities include a rooftop lounge, swimming pool, fitness center and a parking garage with 600 spots.
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Located at 4611 N. Federal Highway, just off U.S. Route 1, the community is within 14 miles north of Pompano Beach and some 8 miles south of downtown Boca Raton. Several retail options, including Target, ALDI and Sprouts Farmers Market are nearby. Other major thoroughfares in the area include Interstate 95 and Florida State Route 811.
JLL Capital Markets Managing Director Jesse Wright, Associate JJ Hovenden and Analyst Luke Maganas led the Debt Advisory team that worked on behalf of the borrower in securing acquisition financing.
Metro Miami multifamily picks up the pace
In the first ten months of 2025, the Fort Lauderdale market recorded $812 million in multifamily transaction volume, with 16 assets trading at an average price of $283,502 per unit, according to Yardi Matrix information. During the same period in 2024, the metro registered $717 million in sales, with 20 properties changing hands at an average per-unit price of $264,060.
The total investment figure rose 13.3 percent year-over-year, while the average price per unit increased by approximately 7.4 percent.
South Florida’s overall multifamily activity picked up, amounting to $2.1 billion in investment sales as of August, a figure close to the $2.5 billion average registered over the past two years, according to a recent Yardi Matrix metro report.
