A new apartment community in Boca Raton sold for $230 million, marking the most expensive multifamily sale in South Florida this year.

Giles Capital Group, Rosemurgy Properties, Schmier Property Group and Wheelock Street Capital sold the 456-unit, seven-building development to Atlanta-based Cortland.

The Residences at Uptown Boca was completed last year, and the sale breaks down to about $504,000 per apartment. Units range from 718 square feet to 1,737 square feet and from one to four bedrooms.

According to the release, the Boca community includes a 24-hour gym and business center, cold storage, theater and lounge, rideshare lounge, dog parks, a soccer field, a playground, and a children’s gaming area.

The developers paid $38 million for the 38-acre property, agricultural land on the southwest corner of Glades Road and 95th Avenue South in 2018.

(source: theraldeal.com picture: mackenzie marco)