Deering Groves

Posted: 8/18/2020
281 Units
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About

About Deering Groves

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Deering Groves (the “Property”) – a Class-A, 281-unit garden apartment community located in Miami-Dade, Florida. The property was completed in 2019 and is approaching stabilization with a strong lease-up pace. Deering Groves presents a rare opportunity to acquire a new construction, garden style Miami-Dade opportunity being offered to the market for the first time by its developer, internationally recognized AHS Residential. Deering Groves has a favorable unit mix with 82% of the mix comprised of two- and three-bedroom units. Conveniently located with immediate access to US-1 and Florida’s Turnpike, residents can easily connect to major employment markets within Miami-Dade including Coral Gables, Doral and Downtown Miami. Additionally, two miles south is the Homestead Air Reserve Base which generates $350 million into the local economy.