CBRE PRIVATE CAPITAL GROUP REPRESENTS BANK IN REO SALE TO FOREIGN BUYER

Homestead, FL – March 27, 2012 – (RealEstateRama) — CBRE arranged the sale of a Card Sound, a 105-unit bank-owned property in Homestead, FL. The property at 27707 South Dixie Highway was acquired for $4.55 million ($94 per square foot or $43,336 per unit) from Community Bank of Florida by a foreign investment group known as 105 Units Homestead Investment, LLC.