Palm Beach County, FL
Est. 2026

The Site Box

Florida Construction News & Signals

Business & Economy
Business & EconomyAI · 1 sources

Waterton buys for $81M, NADG scores $121M loan amid Palm Beach-area apartment shortage

Waterton Residential buys $81M Pembroke Pines apartment complex as investors capitalize on South Florida demand.

June 25, 2026 · 0 signals

Investors snapped up an $81 million Broward County apartment complex, while developers secured a $121 million construction loan for a Palm Beach County project this week.  David Schwartz’s Waterton Residential dropped $80.5 million on a 358-unit apartment complex in Pembroke Pines. The deal worked out to $224,900 per unit. An affiliate of the Chicago-based company acquired The Landings at Pembroke Lake Apartments from an affiliate of Coral Gables-based Bar Invest Group. The 282,100-square-foot property at 10650 Washington Street includes 17 two-story residential buildings, a clubhouse, a pool and tennis courts. The complex was built in 1989, property records show. Units […] This article originally appeared on The Real Deal. Click here to read the full story.

Sources

Discussion

Join the discussion and share a signal from the field.