Grant Cardone’s Broward Blitz: $200M Apartment Spree and a New $100M Deal on the Horizon

Grant Cardone is doubling down on Broward County, adding to his impressive real estate portfolio with a series of recent acquisitions.

In a whirlwind of activity, funds affiliated with Cardone’s Aventura-based Cardone Capital have purchased two significant apartment complexes in Fort Lauderdale and Plantation, part of a broader $500 million acquisition spree across Florida. Known for his multifamily syndication and business advice, Cardone is also reportedly eyeing a third Broward rental community, potentially finalizing the deal next month.

In May and June, Cardone’s funds spent over $200 million on two key properties. They acquired a 382-unit complex located at 501 Northeast Fifth Terrace in Fort Lauderdale’s Flagler Village and a 468-unit…

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Conair Heir Leandro Rizzuto Jr. Makes Waves in Boca Raton with $35.5M Luxury Real Estate Deals

The Conair heir just spent $35.5 million on Boca Raton real estate in a single month, buying an $18.5 million waterfront mansion while selling two other luxury homes. Leandro Rizzuto Jr.'s August buying spree happened during what's typically the slowest time of year for South Florida luxury real estate, raising questions about what's driving the market.

Rizzuto, the son of Conair's late founder Leandro Rizzuto Sr., has made headlines by selling two properties and acquiring a lavish mansion. The properties involved include a $7 million and a $10 million sale, alongside the purchase of an $18.5 million estate.

Transaction Breakdown

Property Purchased:

  • 169 West Key Palm Road, Royal Palm Yacht & Country Club
  • Price: $18.5 million
  • Size:…

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$50M West Palm Beach Apartment Boom: Affiliated Development Breaks Ground

Affiliated Development has begun construction on a new apartment building in West Palm Beach, having secured a $50 million loan.

The Bank of Montreal provided the financing for The Spruce, an eight-story multifamily development featuring 270 units. The project is located on a 1.5-acre site at 2501 Spruce Avenue, according to a press release.

Affiliated Development, based in Fort Lauderdale, is co-developing The Spruce with an unnamed private family office. The project is expected to be completed by 2026. Grace Development, based in Palm Beach, owns the property and is also an investor in the project. The design of The Spruce is being handled by A+R, an architecture firm affiliated with Fort Lauderdale’s Rinka+.

Last year, the West Palm Beach…

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