Portfolio

Deering Groves

  • Miami/Ft. Lauderdale, FL

Deering Groves is a 281-unit multifamily housing development in Miami, Florida. The project was completed by AHS Residential in May 2019 with a $35 million construction loan financing provided by Citi Community Capital and subsequently refinanced by PNC Bank in November 2019. Deering Groves marked AHS Residential’s second development in the Princeton/Homestead region. Deering Groves was sold by AHS Residential on December 30th 2020 for $57 million to an affiliate of AEW Capital Management, one of the largest asset managers in the world.

The lease-up of Deering Groves during a pandemic in 2020 and sale to an institutional buyer prior to year-end was a significant milestone for AHS Residential and its shareholders.

  • Opening Date

    May 2019

  • Project Structure

    Garden-style

  • Units

    281

  • Project Status

    Sold

  • Location

    View on Map

Leasing Information

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