Priderock Capital Partners’ strategy of buying the Villas at Lauderhill out of foreclosure and renovating the property paid off big as the 405-unit apartment community was sold for $44.75 million.
CP-PRCP Lauderhill I LLC, an affiliate of West Palm Beach-based Priderock Capital Partners, acquired the property at 2360 N.W. 56th Ave. in 2008 after purchasing a $20.9 million foreclosure judgment at a discount. It extensively renovated the property, which had been damaged so badly by Hurricane Wilma… …read more
From:: biz journal foreclosures