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Boardwalk Properties buys apartment complex for $119M in Davie, Fla.

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Boardwalk Properties buys apartment complex for $119M in Davie, Fla.

Boardwalk Properties FL LLC bought a 394-unit apartment complex in Davie, Fla., for $119 million from Pacific Investment Management Co. LLC and Greystar, The Real Deal reported.

The recently completed Elan Maison property at 6220 Reese Rd. will be renamed The Avenue.

Greystar affiliate GS Davie II Project Owner LLC paid about $11.5 million for the development site in 2016, according to the report.