Peninsula Luxury Residential Community in Boynton Beach, Florida

BOYNTON BEACH, Fla., Sept. 21 /PRNewswire/ -- Miami-based Integra Solutions in partnership with Boca Raton-based The Altman Companies has announced the purchase of Peninsula, a 70-unit luxury residential community located at 2660-2700 North Federal Highway in Boynton Beach.

Though terms were not disclosed, the Peninsula acquisition represents one of the larger bulk apartment sales in Florida during the last five years.  The immediate plan is to operate the property as a boutique luxury rental community, which will be comprised of a five-story building (40 residences) and a mix of 30 two- and three-story luxury townhomes with two-car garages.  Amenities include gated-security, heated pool and spa, private clubhouse and Intracoastal Waterway marina access.

The acquisition, which according to the partnership was fast-tracked taking just 37 days from introduction to closing, hopefully will set the stage for further property investments in the region.

Integra Solutions is a real estate consulting boutique that caters to high net worth individuals and families primarily in Brazil, who are interested in acquiring real estate assets in the U.S.

"We are extremely pleased to be working with The Altman Companies as operating partners, given Altman's experience and track record in developing and managing multi-family assets," said Paulo Tavares de Melo, President of Integra Solutions. "Integra and its investors are highly optimistic regarding the growing opportunities in the real estate market and we are continuing to search out new deals."

The Altman Companies has a nationally accredited reputation for acquisition, development and property management of high-end residential apartment communities. Since 1968 it has developed, constructed, acquired and managed in excess of 20,000 multi-family units in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina.  Recent Florida rental communities developed and managed by The Altman Companies include Satori in Fort Lauderdale, Grove East in Plantation, Altis at Cypress Creek in North Lauderdale and Altis at Windermere in Orlando.

"Peninsula is a unique luxury property with spectacular water views and in a great location," said Manuel Martinez, Vice President of Altman.  "Our partnership with Integra Solutions efficiently leverages Altman's experience in multifamily with Integra's ability to acquire properties very quickly.  We are seeking more acquisitions opportunities like Peninsula."  

For more information, please contact Jeff Roberts, 561-237-1347.

About Peninsula

Located just north of Gateway Boulevard on North Federal Highway, Peninsula offers spectacular views of the Intracoastal Waterway and Atlantic Ocean. Situated on 3.5 acres, Peninsula consists of 70 luxurious residential homes.  The Mediterranean inspired community is comprised of 40 residences in a five-story building (located atop a peninsula offering expansive 180 degree views) and an additional mix of two- and three-story townhomes with private two-car garages.  The units range from 1,500 to 1,940 square feet under air and offer two, three and four bedroom options.  Amenities include a waterfront clubhouse, heated pool spa, marina access for boaters and a gated, security entry.

SOURCE The Altman Companies