Index Sells DAKOTA AT ABACOA Apartment Community for $42M

26 February, 2016

Index Sells DAKOTA AT ABACOA Apartment Community for $42M

 JUPITER, Fla. (February 24, 2016) – Dakota Abacoa Housing, LLC, owned by Index Investment Group and Eastwind Development, announces the sale of its Dakota at Abacoa apartment community in Jupiter, Fla.  The 190-unit multi-family rental community was purchased for $42 million by PRCP-ABACOA INVESTMENT, LLC, an affiliate of West Palm Beach-based Priderock Capital Partners.

Acquiring the land in 2012, Index Investment Group and Eastwind Development built the upscale rental development which was completed in June 2014.  The Dakota at Abacoa community features Bermuda-style architecture,  luxury finishes, such as large walk-in closets, granite countertops and private balconies, and resort-style amenities including a pool, whirlpool spa, fitness center and clubhouse. The community includes one-, two- and three-bedroom units with rents starting at $1,370.

Index Investment Group has made significant investments in the Florida multi-family rental market creating the smart choice for residents looking for luxurious properties in attractive locations. The Jupiter-based real estate investment company has developed eight rental communities from Central Florida to The Keys in partnership with Eastwind Development.  Index is also co-developing three new senior living facilities throughout Florida in partnership with Watercrest Senior Living, and will be expanding their portfolio with a new resort and golf club in Marathon, FL.