Griffis, MAP scoop up South Florida apartment properties – one trading at a discount

A Pompano Beach apartment building traded for $41 million, marking a slight discount from its price four years ago, while a Boca Raton rental complex sold for $30 million.  Greenwood Village, Colorado-based Griffis Residential bought the eight-story, 144-unit building at 275 North Federal Highway in Pompano Beach from Montreal-based Frankforter Group, according to records and real estate database Vizzda. The buyer borrowed $29.5 million from Chicago-based PPM America for the purchase.  Also, Matthew Paul’s MAP Communities bought the 106-unit Boca Villa Apartments complex at 100 West Hidden Valley Boulevard in Boca Raton from Edwidge Realty and Marina & Briana limited […]This article originally appeared on The Real Deal. Click here to read the full story.