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Mormon Church Buys Another Boca Rental for $240M in Top South Florida Deal

Property Reserve — the real estate investment arm of the Church of Jesus Christ of Latter-day Saints — paid $240 million for a rental complex in Boca Raton in South Florida’s largest multifamily sale

Summary

Property Reserve — the real estate investment arm of the Church of Jesus Christ of Latter-day Saints — paid $240 million for a rental complex in Boca Raton in South Florida’s largest multifamily sale so far this year.

Called Uptown Boca Villas, the property totals 456 apartments across five buildings at 20927 95th Avenue South, […]

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