CBRE SELLS RIVERWALK II IN HOMESTEAD, FL FOR $6,200,000

Homestead Beach, FL – March 28, 2013 – (RealEstateRama) — The CBRE Multi-Housing Private Capital Group arranged the sale of Riverwalk II located at 301 SE 6th Avenue in Homestead, FL. Riverfront Capital, LLC, a local private capital group, sold the property or $6,200,000 or $55,357 per unit ($65 per square foot) to YTech Development, LLC, based in Miami. The sale was a Low Income Housing Tax Credit (LIHTC) transaction.