Greystar Real Estate Partners LLC sold the 214-unit Avana Isles apartment community in the Boynton Beach/Delray Beach submarket of Palm Beach County, Fla.
The rental housing property company did not disclose the sale price but Multi-Housing News, citing Yardi Matrix, reported that the class A asset traded for $47.8 million.
The property was sold to Southstar Capital Group, LLC on behalf of Greystar's real estate funds.
