WITH OVER 13 YEARS OF EXPERIENCE, WE'RE HRT EXPERTS.
Did you know that more than 40% of adults in the United States suffer from obesity? Unfortunately, there is no miracle cure for this condition. Perhaps worse is that more and more adults and children are gaining weight across the country, choosing the convenience of fast and nutrition-deficient foods over healthy eating, exercise, and positive life choices. From an aesthetic standpoint, being overweight is a struggle - clothes don't fit right, people make uncomfortable comments about how you look, and everyday activities are less appealing.
From a health and wellness standpoint, however, being obese is much worse. Your life is literally on the line. The people who love you and depend on you to be in their lives could lose you sooner than you expect. With time, you have a higher chance of suffering from significant, life-changing issues such as:
While obesity is a serious problem, a new medication on the market is giving hope to millions of men and women across the U.S. This game-changing treatment is called Semaglutide in Southgate, FL. This anti-obesity medication is unique because it treats obesity as a chronic metabolic disease, rather than a problem that can be solved through sheer willpower. The best part? Semaglutide and other medical weight-loss peptides are now available at Global Life Rejuvenation.
At Global Life Rejuvenation, we understand that losing weight is not a one-size-fits-all approach. Our medical weight loss clinic offers custom medical weight loss plans tailored to your body, rather than plans based solely on your age or weight. In fact, our team of doctors and practitioners provides personalized guidance to help you achieve real results and live a healthier life.
Because the truth is maintaining good health and fitness are crucial in the modern world. Research has shown that viruses and diseases are more likely to affect those who are overweight and unhealthy. At Global Life Rejuvenation, we take a comprehensive, custom approach to medical weight loss that includes peptide therapy and more. We then work with you to make positive lifestyle changes, so you can lose weight, get healthy, and boost your wellbeing permanently - not for a few weeks or months.
If you're ready to get back to loving your life with more energy, confidence, and positivity, medical weight loss with peptide therapy may be for you. But to truly understand the benefits of peptides like Semaglutide, it's important you grasp what peptide therapy is and how it benefits your body.
Many individuals turn to peptide therapy to enhance their overall wellbeing by boosting hormones. Different types of peptides can target different areas of health, such as collagen peptides that can help improve skin, hair, and gut health.
Other peptides, such as AOD 9604, CJC 1295, and Semaglutide in Southgate, FL, are incredibly beneficial for losing weight. Compared to vitamin supplements, peptide therapy works differently as peptides are already part of the proteins in our bodies, making them easier to absorb and benefit from. Conversely, our bodies can sometimes fail to absorb all the nutrients present in multivitamins, leading to their excretion through urine.
However, it's important to note that weight loss is a complex process that involves various factors like age, genetics, lifestyle, exercise, and diet. While peptides like Semaglutide can provide much-needed assistance in achieving your weight loss goals, they are most effective when combined with healthy dietary choices, regular exercise routines, and overall healthier lifestyle choices.
If you've already tried different weight loss plans and diets but haven't had any success, medical weight loss with peptide therapy may provide that extra boost you need to realize your goals.
If you're looking to lose weight and keep it off, diet and exercise are important, but it can be difficult to stick to a routine. For busy adults and parents, Semaglutide can be a helpful tool for weight loss. This injection, approved by the FDA for diabetes and obesity, works by stimulating GLP-1 receptors in the brain to aid in weight loss and improve long-term health.
You may be wondering to yourself, "That sounds great, but how does this type of peptide work?" Semaglutide acts like glucagon in your body, which signals to your brain that you're full and don't need to eat anymore. When you take Semaglutide, and you try to overeat, your body waves a proverbial red flag as if to say, "That's enough."
Semaglutide also slows down digestion, reducing unnecessary snacking throughout the day. By reducing glucose spikes after meals, it reduces inflammation, which is important for overall health. Additionally, Semaglutide helps your pancreas secrete insulin, regulates the glucose levels in your body, and even has anti-aging and longevity properties. If you're struggling to lose weight, peptide therapies for weight loss like Semaglutide can be an invaluable addition to your weight loss plan from Global Life Rejuvenation.
When combined with healthy lifestyle choices like diet and exercise, Semaglutide can help provide:
There are multiple medications available to combat obesity by suppressing appetite and promoting weight loss. However, Semaglutide stands out as an exceptional option.
A recent study of 2,000 obese adults examined the effects of Semaglutide when combined with a diet and exercise program. The results were compared to those who only made lifestyle changes without taking Semaglutide. After 68 weeks, it was found that half of the participants using Semaglutide lost 15% of their body weight, with nearly a third losing 20%. In contrast, those who only made lifestyle changes lost an average of 2.4% of their weight.
It's obvious, then, that Semaglutide is a safe and effective supplement for your weight loss journey with Global Life Rejuvenation. But who is the ideal patient who should be taking it?
If you have a body mass index (BMI) of 27kg/m2 or higher and at least one weight-related condition, such as high blood pressure, Type 2 diabetes, or high cholesterol, or if your BMI is 30kg/m2 or higher, the FDA recommends Semaglutide for weight loss.
As medical weight loss experts, one thing our doctors and practitioners know at Global Life Rejuvenation is that true weight loss isn't dictated by medicines. It's achieved by sticking to a combo of exercise, healthy life choices, and healthy eating habits. From there, peptides like Semaglutide in Southgate, FL are great for taking your weight loss efforts to the next level of success.
One area where many patients fail in this process is with their diet. If you're considering Semaglutide treatment, keep these diet tips in mind.
To enhance your dietary habits, a practical approach is to concentrate on consuming whole foods, including fruits, vegetables, whole grains, lean protein, and healthy fats. These food items are rich in nutrients and can provide a feeling of fullness and satisfaction while also promoting your overall wellbeing.
Eating mindfully involves being fully present and engaged during meals. This entails taking the time to enjoy the flavor of your food, being aware of your body's hunger and fullness signals, and avoiding distractions like electronics or television.
To maintain good health and support weight loss, it's crucial to drink plenty of water. It's recommended to drink at least 8-10 cups of water daily. You may also try adding low-calorie drinks like herbal tea or infused water to keep things interesting.
Planning your meals in advance is an effective approach to maintaining a healthy diet. Set aside some time each week to plan your meals and snacks, keeping in mind to incorporate a balance of protein, complex carbohydrates, and healthy fats. This will prevent impulsive food choices and guarantee that you have nutritious options available when hunger strikes.
Unlike many medical weight loss clinics, which only offer cookie-cutter weight loss plans and one or two additional fat-busting solutions, Global Life Rejuvenation provides access to new, innovative supplements and medicines. If you're used to fad diets and "quick" weight loss plans, peptides like AOD 9604 and others may be new to you. To help build your foundation of healthy living knowledge, let's take a look at a few of the most popular weight-loss peptides and medicines available at Global Life Rejuvenation.
Often combined with Semaglutide regimens, AOD 9604 is known to promote fat breakdown, inhibit lipogenesis, and support tendons and cartilage. However, most recently, it has gained popularity due to its ability to boost metabolism and aid in burning fat.
What sets AOD 9604 apart is that it stimulates the pituitary gland without affecting tissue growth or blood sugar levels. Additionally, it can burn fat without causing overeating, making it a viable option for obese men and women who are trying to implement better eating habits.
Interestingly, AOD 9604 activates your body's fat-burning processes without requiring an HGH receptor. It also releases obese fat cells and reduces the accumulation of new fat cells. By helping to regulate blood sugar and manage insulin levels, AOD 9604 is excellent for weight loss but also for other maladies like inflammation.
Some conditions that this powerful peptide can help address include the following:
This medical weight loss supplement Is technically a combo of two peptides. These substances work by stimulating your pituitary gland to produce more of your body's natural human growth hormone, which is secreted during both waking and sleeping periods.
This results in increased protein synthesis and levels of insulin-like growth factors. As hormone secretagogues, they help release hormones into circulation while mimicking the pituitary gland's production. Extensive research has been conducted on the effects of CJC 1295 and Ipamorelin. As a tool for medical weight loss, it has shown very promising results.
That's because when growth hormone levels increase, nutrients are transported through the body faster, more fat is burned, and weight management becomes simpler. Additionally, because CJC 1295 and Ipamorelin increase the amount of growth hormone in your body, it stimulates the breakdown of triglycerides in adipocytes, leading to improved fat metabolism and reduced abdominal fat.
Benefits of CJC 1295 and Ipamorelin for weight loss include:
A Methionine Inositol Choline (MIC) injection is a mixture of lipotropics that aid in fat breakdown. The key components - methionine, inositol, and choline - work together to metabolize fat cells and eliminate stored fat deposits in the liver and body. Methionine is an important amino acid, inositol contributes to proper cell formation, and choline is a water-soluble nutrient that promotes healthy liver function. When combined, these compounds may help reduce body fat.
When used in conjunction with a medical weight loss plan from Global Life Rejuvenation, MIC injections can be a powerful addition to reclaiming your health and wellbeing.
Request AppointmentLike other weight loss peptides and medicines on this page, Phentermine can help you lose weight when you stick to a medical weight loss plan that includes dieting, exercise, and smart life choices. It does so by reducing your appetite, which limits the number of calories you eat every day.
As is the case with Semaglutide, Phentermine has been approved by the FDA and is supported by clinical studies that show it can support weight loss. With time, patience, and healthy living, this supplement may help you reach your wellness goals sooner than you thought possible.
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In the body, 7-keto-DHEA is produced from dehydroepiandrosterone (DHEA), which is a hormone made by glands near your kidneys. However, unlike DHEA, 7-keto-DHEA is not converted into androgen and estrogen in your body. Instead, 7-keto-DHEA is used orally or topically to boost your body's metabolism. It also helps convert more of your energy into heat, instead of storing it in your body as fat, which can accumulate with time and lifestyle choices.
Much like Semaglutide treatment in Southgate, FL, 7-keto-DHEA has been shown to be very effective for weight loss as well as a host of other issues. Additional benefits of taking 7-keto-DHEA may include the following:
Have you tried everything under the sun to try and eliminate the cellulite on your legs, arms, and other areas of your body? If you're like most people, getting rid of cellulite isn't just difficult - it's nearly impossible. Fortunately, those days are over. Lipo Sculpt Cream from Global Life Rejuvenation can help reduce the unsightly appearance of cellulite while also refining your figure and firming up your skin.
The active ingredients in this product have the ability to reduce and prevent the growth of fatty tissue while also improving microcirculation. They work together to treat both adipose and aqueous cellulite, and aid in the elimination of fatty deposits and excess water stored in the tissues. This results in a reduction of dimples and an overall improvement in the appearance of your skin.
If you have experienced success with a medical weight loss plan and reached your target weight but still suffer from cellulite, Lipo Sculpt Cream is a fantastic choice to consider. A few of the most common benefits include:
Are you craving a productive life at a healthy weight? Are you ready to make a meaningful difference in your life and the lives of your loved ones? The pathway to wellbeing starts by contacting our office for an in-depth consultation, where we'll learn more about your weight-loss goals and needs.
From there, we'll create a custom weight-loss plan tailored to your body. This plan will map out the steps of your weight-loss journey, including peptide therapies like Semaglutide in Southgate, FL. Though every person's weight management goals are different, when you're a patient at Global Life Rejuvenation, you benefit from dedicated doctors and practitioners committed to improving your weight and, in turn, your health.
Whether your health is on the line, or you don't like how being overweight makes you look and feel, our team is ready to guide you toward long-term health and happiness. This way, you can get healthy, stay in shape, and fall in love with your newfound body.
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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.
