Aging is inevitable, and for many, it signals the beginning of a new chapter - one where you cross off bucket list items and live life to the fullest, on your own terms. However, for some women, aging is a horrible prospect, filled with chronic fatigue, irritability, and inability to perform in the bedroom. If you're concerned about life in middle age and beyond, we've got great news: there are easy, proven steps that you can take to help stop the negative effect of aging.
Global Life Rejuvenation was founded to give women a new lease on life - one that includes less body fat, fewer mood swings, and more energy as you age. If you're ready to look and feel younger, it's time to consider HRT (hormone replacement therapy), and growth hormone peptides. These therapies for men and women are effective, safe, and customized to fit your goals, so you can keep loving life as you get older.
HRT, and growth hormone peptide therapies bridge the gap between your old life and the more vibrant, happier version of you. With a simple click or call, you can be well on your way to a brighter future. After all, you deserve to be the one in charge of your wellness and health. Now, you have the tools to do so - backed by science and applied by our team of HRT experts with more than 13 years of experience.
As women age, their hormones begin to go through changes that affect their day-to-day lives. For women, hormone deficiency and imbalance usually occur during menopause and can cause chronic fatigue, hot flashes, and mood swings, among other issues. Hormone replacement therapy helps correct hormone imbalances in women, helping them feel more vibrant and virile as they age.
Often, HRT treatments give patients enhanced quality of life that they didn't think was possible - even in their 60's and beyond.
The benefits for women are numerous and are available today through Global Life Rejuvenation.
As women age, their bodies begin to go through significant changes that affect their quality of life. This change is called menopause and marks the end of a woman's menstrual cycle and reproduction ability. Though there is no specific age when this change occurs, the average age of menopause onset is 51 years old. However, according to doctors, menopause officially starts 12 months after a woman's final period. During the transition to menopause, women's estrogen and other hormones begin to deplete.
As that happens, many women experience severe symptoms. These symptoms include:
The symptoms of hormone deficiency can be concerning and scary for both women and their spouses. However, if you're getting older and notice some of these symptoms, there is reason to be hopeful. Hormone replacement therapy and anti-aging medicine for women can correct imbalances that happen during menopause. These safe, effective treatments leave you feeling younger, healthier, and more vibrant.
The most common reason for menopause is the natural decline in a female's reproductive hormones. However, menopause can also result from the following situations:
Oophorectomy: This surgery, which removes a woman's ovaries, causes immediate menopause. Symptoms and signs of menopause in this situation can be severe, as the hormonal changes happen abruptly.
Chemotherapy: Cancer treatments like chemotherapy can induce menopause quickly, causing symptoms to appear shortly after or even during treatment.
Ovarian Insufficiency: Also called premature ovarian failure, this condition is essentially premature menopause. It happens when a woman's ovaries quit functioning before the age of 40 and can stem from genetic factors and disease. Only 1% of women suffer from premature menopause, but HRT can help protect the heart, brain, and bones.
For many women, menopause is a trying time that can be filled with many hormonal hurdles to jump through. A little knowledge can go a long way, whether you're going through menopause now or are approaching "that" age.
Here are some of the most common issues that women experience during menopause:
If you're a woman going through menopause and find that you have become increasingly depressed, you're not alone. It's estimated that 15% of women experience depression to some degree while going through menopause. What many women don't know is that depression can start during perimenopause, or the years leading up to menopause.
Depression can be hard to diagnose, especially during perimenopause and menopause. However, if you notice the following signs, it might be time to speak with a physician:
Remember, if you're experiencing depression, you're not weak or broken - you're going through a very regular emotional experience. The good news is that with proper treatment from your doctor, depression isn't a death sentence. And with HRT and anti-aging treatment for women, depression could be the catalyst you need to enjoy a new lease on life.
Hot flashes - they're one of the most well-known symptoms of menopause. Hot flashes are intense, sudden feelings of heat across a woman's upper body. Some last second, while others last minutes, making them incredibly inconvenient and uncomfortable for most women.
Symptoms of hot flashes include:
Typically, hot flashes are caused by a lack of estrogen. Low estrogen levels negatively affect a woman's hypothalamus, the part of the brain that controls body temperature and appetite. Low estrogen levels cause the hypothalamus to incorrectly assume the body is too hot, dilating blood vessels to increase blood flow. Luckily, most women don't have to settle for the uncomfortable feelings that hot flashes cause. HRT treatments for women often stabilize hormones, lessening the effects of hot flashes and menopause in general.
Mood swings are common occurrences for most people - quick shifts from happy to angry and back again, triggered by a specific event. And while many people experience mood swings, they are particularly common for women going through menopause. That's because, during menopause, the female's hormones are often imbalanced. Hormone imbalances and mood swings go hand-in-hand, resulting in frequent mood changes and even symptoms like insomnia.
The rate of production of estrogen, a hormone that fluctuates during menopause, largely determines the rate of production the hormone serotonin, which regulates mood, causing mood swings.
Luckily, HRT and anti-aging treatments in Southgate, FL for women work wonders for mood swings by regulating hormone levels like estrogen. With normal hormone levels, women around the world are now learning that they don't have to settle for mood swings during menopause.
Staying fit and healthy is hard for anyone living in modern America. However, for women with hormone imbalances during perimenopause or menopause, weight gain is even more serious. Luckily, HRT treatments for women coupled with a physician-led diet can help keep weight in check. But which hormones need to be regulated?
Lowered sexual desire - three words most men and women hate to hear. Unfortunately, for many women in perimenopausal and menopausal states, it's just a reality of life. Thankfully, today, HRT and anti-aging treatments Southgate, FL can help women maintain a normal, healthy sex drive. But what causes low libido in women, especially as they get older?
The hormones responsible for low libido in women are progesterone, estrogen, and testosterone.
Progesterone production decreases during perimenopause, causing low sex drive in women. Lower progesterone production can also cause chronic fatigue, weight gain, and other symptoms. On the other hand, lower estrogen levels during menopause lead to vaginal dryness and even vaginal atrophy or loss of muscle tension.
Lastly, testosterone plays a role in lowered libido. And while testosterone is often grouped as a male hormone, it contributes to important health and regulatory functionality in women. A woman's testosterone serves to heighten sexual responses and enhances orgasms. When the ovaries are unable to produce sufficient levels of testosterone, it often results in a lowered sex drive.
Often uncomfortable and even painful, vaginal dryness is a serious problem for sexually active women. However, like hair loss in males, vaginal dryness is very common - almost 50% of women suffer from it during menopause.
Getting older is just a part of life, but that doesn't mean you have to settle for the side effects. HRT and anti-aging treatments for women correct vaginal dryness by re-balancing estrogen, progesterone, and testosterone. When supplemented with diet and healthy living, your vagina's secretions are normalized, causing discomfort to recede.
Uterine fibroids - they're perhaps the least-known symptom of menopause and hormone imbalances in women. That's because these growths on the uterus are often symptom-free. Unfortunately, these growths can be cancerous, presenting a danger for women as they age.
Many women will have fibroids at some point. Because they're symptomless, they're usually found during routine doctor exams. Some women only get one or two, while others may have large clusters of fibroids. Because fibroids are usually caused by hormone imbalances, hysterectomies have been used as a solution, forcing women into early menopause.
Advances in HRT and anti-aging medicine for women give females a safer, non-surgical option without having to experience menopause early. At Global Life Rejuvenation, our expert physicians will implement a customized HRT program to stabilize your hormones and reduce the risk of cancerous fibroid growth.
Endometriosis symptoms are much like the effects of PMS, and include pelvic pain, fatigue, cramping, and bloating. While doctors aren't entirely sure what causes this painful, uncomfortable condition, most agree that hormones - particularly xenoestrogens - play a factor.
Endometriosis symptoms are much like the effects of PMS and include pelvic pain, fatigue, cramping, and bloating. While doctors aren't entirely sure what causes this painful, uncomfortable condition, most agree that hormones - particularly xenoestrogens - play a factor.
Xenoestrogen is a hormone that is very similar to estrogen. Too much xenoestrogen is thought to stimulate endometrial tissue growth. HRT for women helps balance these hormones and, when used with a custom nutrition program, can provide relief for women across the U.S.
Hormone stability is imperative for a healthy sex drive and for a normal, stress-free life during menopause. HRT and anti-aging treatments for women balance the hormones that your body has altered due to perimenopause or menopause.
HRT for women is a revolutionary step in helping women live their best lives, even as they grow older. However, at Global Life Rejuvenation, we know that no two patients are the same. That's why we specialize in holistic treatments that utilize HRT, combined with healthy nutrition, supplements, and fitness plans that maximize hormone replacement treatments.
If you've been suffering through menopause, is HRT the answer? That's hard to say without an examination by a trusted physician, but one thing's for sure. When a woman balances her hormone levels, she has a much better shot at living a regular life with limited depression, weight gain, mood swings, and hot flashes.
Here are just a few additional benefits of HRT and anti-aging treatments for females:
Hormone imbalance causes a litany of issues. But with anti-aging treatments for women, females can better process calcium, keep their cholesterol levels safe, and maintain a healthy vagina. By replenishing the body's estrogen supply, HRT can relieve symptoms from menopause and protect against osteoporosis. But that's just the start.
Global Life Rejuvenation's patients report many more benefits of HRT and anti-aging medicine for women:
If you're ready to feel better, look better, and recapture the vitality of your youth, it's time to contact Global Life Rejuvenation. It all starts with an in-depth consultation, where we will determine if HRT and anti-aging treatments for women are right for you. After all, every patient's body and hormone levels are different. Since all our treatment options are personalized, we do not have a single threshold for treatment. Instead, we look at our patient's hormone levels and analyze them on a case-by-case basis.
At Global Life Rejuvenation, we help women rediscover their youth with HRT treatment for women. We like to think of ourselves as an anti-aging concierge service, guiding and connecting our patients to the most qualified HRT physicians available. With customized HRT treatment plan for women, our patients experience fewer menopausal symptoms, less perimenopause & menopause depression, and often enjoy a more youth-like appearance.
Growth hormone peptides are an innovative therapy that boosts the natural human growth hormone production in a person's body. These exciting treatment options help slow down the aging process and give you a chance at restoring your youth.
Sermorelin is a synthetic hormone peptide, like GHRH, which triggers the release of growth hormones. When used under the care of a qualified physician, Sermorelin can help you lose weight, increase your energy levels, and help you feel much younger.
Human growth hormone (HGH) therapy has been used for years to treat hormone deficiencies. Unlike HGH, which directly replaces declining human growth hormone levels, Sermorelin addresses the underlying cause of decreased HGH, stimulating the pituitary gland naturally. This approach keeps the mechanisms of growth hormone production active.
Ipamorelin helps to release growth hormones in a person's body by mimicking a peptide called ghrelin. Ghrelin is one of three hormones which work together to regulate the growth hormone levels released by the pituitary gland. Because Ipamorelin stimulates the body to produce growth hormone, your body won't stop its natural growth hormone production, which occurs with synthetic HGH.
Ipamorelin causes growth hormone secretion that resembles natural release patterns rather than being constantly elevated from HGH. Because ipamorelin stimulates the natural production of growth hormone, our patients can use this treatment long-term with fewer health risks.
One of the biggest benefits of Ipamorelin is that it provides significant short and long-term benefits in age management therapies. Ipamorelin can boost a patient's overall health, wellbeing, and outlook on life.
When there is an increased concentration of growth hormone by the pituitary gland, there are positive benefits to the body. Some benefits include:
Whether you are considering our HRT and anti-aging treatments for women in Southgate, FL, we are here to help. The first step to reclaiming your life begins by contacting Global Life Rejuvenation. Our friendly, knowledgeable HRT experts can help answer your questions and walk you through our procedures. From there, we'll figure out which treatments are right for you. Before you know it, you'll be well on your way to looking and feeling better than you have in years!
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LAKELAND — The thought of a second Chick-fil-A opening on South Florida Avenue has raised alarm among Lakeland residents.Tampa-based Bohler Engineering held a neighborhood meeting Thursday night to meet with residents about a proposal to open a Chick-fil-A restaurant at 2301 S. Florida Ave, just north of Southgate Shopping Center."It's a poor location. It has been for years and years and years," said Chad Reid, a Lakeland resident of 30 years. "Now the road diet ends just before it and drivin...
LAKELAND — The thought of a second Chick-fil-A opening on South Florida Avenue has raised alarm among Lakeland residents.
Tampa-based Bohler Engineering held a neighborhood meeting Thursday night to meet with residents about a proposal to open a Chick-fil-A restaurant at 2301 S. Florida Ave, just north of Southgate Shopping Center.
"It's a poor location. It has been for years and years and years," said Chad Reid, a Lakeland resident of 30 years. "Now the road diet ends just before it and driving is crazy at that location."
The roughly one-acre site was previously a Bank of America branch. It has been vacant for several years. Chick-fil-A seeks to use the site to build its new model restaurant. In almost a complete reversal from COVID-era policies, the franchised chain wants to build a sit-down restaurant without the drive thru that Chick-fil-A's model is well known for.
Bohler Engineering staff representing a Chick-fil-A franchise owner declined to speak with The Ledger any further about their new concept restaurant.
"The concept is still new. There's not a lot of data available on what traffic would be like," said Abby Rowzee, a West Palm Drive resident who attended Thursday night's meeting.
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Traffic and safety of local residents, students and parents traveling to Southwest Elementary School are the main concerns of residents if the proposal moves forward, Rowzee said.
The property is adjacent to residential homes on West Poinsettia Street, which loops south turning into West Oak Drive and connecting to Southgate Shopping Center. Residents say there is also an existing driveway that connects a parking lot alongside the former bank building to Play It Again Sports, potentially allowing motorists to cut north to West Palm Street.
Reid, who's son attends Lakeland School of Music on West Oak Drive, said there are already traffic problems on the residential streets.
"It's murderous traffic to get in and out of the schools every single day," he said.
Rowzee said dozens of vehicles back up on West Oak Drive and West Poinsettia daily during Southwest Elementary School's pickup and dropoff hours. This essentially limits the already narrow street to one-way travel for safety's sake.
Large sections of the neighborhood also lack sidewalks, Rowzee said, causing residents and students alike to run, walk and bike on the streets. She said she fears traffic from Chick-fil-A could lead to an increase in pedestrian accidents.
Reid and Rowzee said they both are Chick-fil-A customers who visit the South Lakeland franchise, located approximately 2.5 miles to the south. A key difference is that restaurant is located amid other businesses, not immediately adjacent to a residential neighborhood.
Southwest residents asked Bohler Engineering and Chick-fil-A representatives if they would consider other locations that would not back up against residential homes.
To move forward, Bohler Engineering and Chick-a-Fil would need to request a change of zoning from Lakeland's Planning and Zoning Board. The request would go through a hearing process before going to the City Commission for final approval.
Sara-Megan Walsh can be reached at [email protected] or 863-802-7545. Follow on Twitter @SaraWalshFl.
An affiliate of Apartment Income REIT Corp. (NYE: AIRC) acquired the Southgate Towers apartment complex in Miami Beach for a combined $250.47 million.The Denver-based multifamily company announced in November that it had the property under contract for $298 million. However, the two deeds recently filed in Miami-Dade County indicate the price was...
An affiliate of Apartment Income REIT Corp. (NYE: AIRC) acquired the Southgate Towers apartment complex in Miami Beach for a combined $250.47 million.
The Denver-based multifamily company announced in November that it had the property under contract for $298 million. However, the two deeds recently filed in Miami-Dade County indicate the price was $250.47 million.
Southgate Towers LLLP and Gumenick Family Investments No. 2 Ltd., both affiliates of Gumenick Properties in Richmond, Virginia, sold the 495-unit apartment complex at 910 West Ave. and the 219,270-square-foot parking garage at 959 West Ave. to Southgate Towers LLC, an affiliate of AIRC. The buyer assumed a $101.2 million mortgage with Metropolitan Life Insurance Co.
Totaling 554,694 square feet, Southgate Towers was built on the 4-acre site along Biscayne Bay in 1958. Gumenick Properties completed a $40 million renovation of the property in 2016 that included the new parking garage.
According to Apartments.com, units in Southgate Towers range from 394 to 2,157 and rents run from $2,500 to $7,250.
A spike in apartment rents have led to soaring multifamily values in Miami Beach.
However, the West Avenue area of Miami Beach is one of the most vulnerable areas to sea level rise and high tide. City officials have been working to raise the street and implement more flood controls.
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Commercial Property Management Firms in South Florida
Sq. ft. managed, as of June 15, 2022
| Rank | Prior Rank | Company / Prior (*Not ranked in 2021) / URL |
|---|---|---|
| 1 | 1 | Cushman & Wakefield |
| 2 | 2 | Avison Young |
| 3 | 3 | Prologis |
Air Communities beefed up its portfolio with the $250.5 million purchase of Southgate Towers in Miami Beach.Air, or Apartment Income Real Estate Investment Trust, paid $223.5 million for the pair of 14-story multifamily buildings at 910 West Avenue, and $26.9 million for the garage with ground-floor retail at 959 West Avenue, according to records. The Gumenick family’s Gumenick Properties sold both properties.Publicly traded Air announced it had the property under contract in its third quarter earnings release last year. ...
Air Communities beefed up its portfolio with the $250.5 million purchase of Southgate Towers in Miami Beach.
Air, or Apartment Income Real Estate Investment Trust, paid $223.5 million for the pair of 14-story multifamily buildings at 910 West Avenue, and $26.9 million for the garage with ground-floor retail at 959 West Avenue, according to records. The Gumenick family’s Gumenick Properties sold both properties.
Publicly traded Air announced it had the property under contract in its third quarter earnings release last year. At the time, it reported a purchase price of $298 million. Air didn’t immediately return a request for comment regarding the change in price.
The deal for 495-unit Southgate breaks down to nearly $452,000 per apartment.
This is the first time Southgate Towers has traded since the Gumenick family completed the buildings sometime in the late 1950s or the early 1960s. At the time, the project marked the first high-rise apartment complex in Miami Beach. The late Nathan Gumenick started the eponymously named firm in Richmond, Va., and it is now based in Richmond and Miami Beach, with grandson Randy Gumenick as chairman.
The pair of L-shaped buildings sit on 4 acres overlooking Biscayne Bay and Miami. Southgate offers studios, as well as one- to three-bedroom apartments, with monthly rents ranging from $2,500 to $7,250, according to Apartments.com.
The five-story garage, which is across the street from Southgate, was completed in 2002 on 1.3 acres, property records show. Retail tenants include Caffe Umbria, Pure Pharmacy, Giotto Maestro Della Pizza and Oliver’s Bistro.
Air, based in Denver and led by Terry Considine, spun off in 2020 from Aimco as an apartment communities REIT.
Air placed at least two other wagers on South Florida’s multifamily market last year. It bought The District at Flagler Village building at 555 Northeast Eighth Street in Fort Lauderdale’s Flagler Village for $173 million. Air also purchased the 28-story, 296-unit Watermarc at Biscayne Bay on the northeast corner of North Bayshore Drive and Northeast 21st Street for $211 million.
The tri-county region’s rental market has boomed over the past two and a half years, thanks to a population influx that has pushed up rents to new heights. A recent report from RentCafe deemed Miami-Dade County as the “most competitive” apartment market in the U.S. An average of 32 renters vied for one available unit, far above the national average of 14 renters competing for an apartment.
The future of a historic community center, a pool and the 4.4-acre property where they are located has created a rift in one of Sarasota's oldest neighborhoods, leading to the creation of competing websites in a drive to sway neighbors to one side or the other.Campaign-like yard signs exclaiming "Neighbors, Join Today!" have sprouted in some lawns in the 2,200-home community of South Gate.Some neighbors have even begun to go door-to-door advocating one vision or the other.In other news:...
The future of a historic community center, a pool and the 4.4-acre property where they are located has created a rift in one of Sarasota's oldest neighborhoods, leading to the creation of competing websites in a drive to sway neighbors to one side or the other.
Campaign-like yard signs exclaiming "Neighbors, Join Today!" have sprouted in some lawns in the 2,200-home community of South Gate.
Some neighbors have even begun to go door-to-door advocating one vision or the other.
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The fuss centers around an offer from Sarasota County to buy the property just north of Bee Ridge Road at 3145 South Gate Cir. where a small building and pool built in 1956 sit next to Phillippi Creek.
The county plans to demolish and fill in the pool, rehab the building and turn the location into a public, waterfront park that could have a kayak launch and a fishing pier if its offer is accepted.
However, the offer of $170,000 in cash for the property left many of the community's residents confused and wondering what year it is, given that in 2021 real estate across all Florida has surged in value.
County officials note its offer was determined by deducting estimated repair costs to the community center from an appraisal they had conducted on the property.
The homeowner association's own appraisal, conducted in 2018, put the value at $1.055 million.
The South Gate Community Association has operated the property since the neighborhood was created 65 years ago. The building itself is historic as it was designed by Victor Lundy of the Sarasota School of Architecture.
But with only about 10% of the community signed up for the $75 per year fee the association charges members plus another roughly 80 people paying the $150 per year fee to access the community's pool, keeping the association in the black has been challenging.
The cost to operate the association's property runs between $4,000 and $5,000 per month. To make up the difference, the organization rents out its community center to the public.
With the COVID-19 pandemic evaporating much of the revenue the organization depended on in 2020, it was broke in December and relied on a loan from a South Gate resident to float it into 2021.
The idea of selling the property has circulated among members of the organization's board since at least 2018.
With the county's offer, the idea of selling the property has for the first time gained widespread attention from the community's residents, with an informational meeting being held last week.
More than 110 people packed into the community center for presentations about the offer as its dues paying members will vote Tuesday on whether to accept the offer.
Seth Johnson, vice president of the association's board, gave a 45-minute presentation on the decision to consider selling. He was interrupted several times by people opposed.
He said the process began in 2018 as he and other board members wondered "what if" about potential catastrophic incidents that could happen to the property.
That board examined several options on ways to fund operation of the pool and community center that included creating a special tax district, selling the property on the open market, leasing to an outside group and maintaining current operations.
The special taxing district and leasing to an outside group were both eliminated as vaiable options, he said.
Selling to a developer would also not be ideal as it would mean the destruction of the community center and potentially development of the property that would not be in the best interest of the South Gate community.
That leaves two options: selling to the county or retaining the property.
While Johnson said he didn't know which way he would vote at the meeting, he did say that if the community votes to retain the property it needs four to five times the number of paying members to operate effectively.
Allison Werner, a board member in charge of marketing, gave a presentation in favor of retaining the property.
Werner, who runs a boutique real estate company called Couture Real Estate, said if a appraisal were done in 2021 the market value would easily be between $1.2 and $1.5 million.
"It's a laughable offer," she said of the county's proposed purchase. "It's laughable that we are even having to discuss it."
She said that there was no urgency to approve it, and that if the county wants the site now, it will still be an attractive park site later.
"I encourage you to vote no," she said. "Because, we need time to sort through our options."
She noted that the board has had sparing communication with South Gate residents and that is something she plans to change.
"We need to ask for help and we need to ask loudly and you all are here tonight because we asked for help," she said.
Several people then joined in opposition to selling.
Michael Frantz was the only person to speak up in support of selling the property. He sees the offer as fair, given what the use of the property would be if sold to the county.
"Can you get more than that?" he asked. "Sure, but they'll build nice condos here and McMansions and say goodbye to the Lundy building."
Air Communities is spending big bucks on South Florida multifamily projects.The Denver-based real estate investment trust is paying $471 million for two apartment properties in Miami Beach and in Fort Lauderdale’s booming Flagler Village neighborhood.Air bought The District at Flagler Village building at 555 Northeast Eighth Street in Fort Lauderdale for $173 million, and has Southgate Towers at 900 West Avenue in South Beach under contract for $298 million, according to the REIT’s third quarter earnings release....
Air Communities is spending big bucks on South Florida multifamily projects.
The Denver-based real estate investment trust is paying $471 million for two apartment properties in Miami Beach and in Fort Lauderdale’s booming Flagler Village neighborhood.
Air bought The District at Flagler Village building at 555 Northeast Eighth Street in Fort Lauderdale for $173 million, and has Southgate Towers at 900 West Avenue in South Beach under contract for $298 million, according to the REIT’s third quarter earnings release.
Mill Creek Residential sold The District, after completing the 24-story building with 350 units last year. The Boca Raton-based firm had paid $7 million for the 2-acre development site in 2019.
The District’s apartments range from studios to three-bedroom units with monthly rents from $2,301 to $3,847, according to Apartments.com.
Air’s purchase, which closed in the third quarter, pencils out to $494,000 per unit.
The 495-unit Southgate Towers consists of a pair of 14-story buildings on 4 acres in South Beach, overlooking Biscayne Bay and Miami. Gumenick Properties, based in Richmond, Virginia and Miami Beach, owns the property, according to records. The late Nathan Gumenick, who founded Gumenick Properties in the 1940s, developed Southgate, according to media reports. The firm is now led by Chairman Randy Gumenick.
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The buildings offer apartments ranging from studios to three-bedroom units with monthly rents from $2,179 to $5,465, according to Southgate’s website.
Air’s purchase of the buildings, which equates to $602,000 per unit, is expected to close early next year.
The REIT also bet on the multifamily market in Miami’s Edgewater neighborhood this summer. Air paid $211 million for the 28-story, 296-unit Watermarc at Biscayne Bay on the northeast corner of North Bayshore Drive and Northeast 21st Street. Mill Creek also sold this property.
South Florida’s apartment market has experienced hefty investment sales activity. The influx of residents since late 2020 fueled record rent hikes, although the growth rate has slowed. In September, the area’s rents increased 13 percent, year-over-year, to $2,590, according to Realtor.com.
Air, led by Terry Considine, spun off from Aimco in 2020 as an apartment communities REIT.
Aimco also has been investing in the South Florida market. In Flagler Village, Aimco paid $100 million in three deals this year, assembling 9 acres at 901-927 North Federal Highway and land on both the southeast and southwest corners of Northeast Ninth Street and Northeast Fifth Avenue. The properties allow for 3 million square feet, including up to 1,500 units, more than 300 hotel keys, and over 100,000 square feet of retail.
