Aimco completes $100M Flagler Village dev assemblage with latest $16M deal

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Excerpt from The Real Deal website: Aimco added the final piece to its Flagler Village development site where the company plans a major mixed-use project.

Denver-based Aimco bought 1.4 acres of land on the southwest corner of Northeast Ninth Street and Northeast Fifth Avenue in downtown Fort Lauderdale for $16 million, according to a deed. An affiliate of Miami Heat co-owner Raanan Katz’s RK Centers sold the land.

New York-based Maxim Capital Group provided Aimco with a $60 million acquisition loan.

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