FOREIGN INVESTOR PURCHASES SOUTH BEACH APARTMENTS FOR $2.7 MILLION

Miami, FL – August 26, 2011 – (RealEstateRama) — Supporting increased confidence in the market, Domus Group, a Latin American investor purchased 1818 Meridian Avenue in Miami Beach, Florida. Calum Weaver who co-chairs the CB Richard Ellis (CBRE) Multi-Housing Private Capital Group in South Florida negotiated the $2.7 million sale transaction on behalf of the seller.