Posted on October 12, 2016

Farmington Hills, Michigan (October 12, 2016) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold Aswan Manor, a 51-unit multifamily property located at 13350 Aswan Road in Opa-Locka, Florida. The seller, Eventus Investment Partners, sold the property to Portales 51, LLC. The property sold for over $77,000 per unit and set a record price per unit in the area since before the recession.

Rich Deptula, National Director, Investment Advisory Services and Daniel Otten, Vice President, Brokerage and Advisory Services at Friedman represented the seller in this transaction.

Aswan Manor is a multifamily property that is comprised of 51 two-bedroom units located in the highly-developed Miami suburb of Opa-Locka, Florida. According to the South Florida Business Journal, a confidential company that could be, applied for $1.5 million in county and state job incentives to build a $198 million high-tech fulfillment center in Opa-Locka named “Project Sol” that would create 1,000 jobs.

“This was excellent timing for an investor to acquire a solid, fully-occupied multifamily property in an area that is expected to see employment growth in the near future,” said Daniel Otten who runs the firm’s South Florida office.


As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.

Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.

For more information, please visit: