Majestic Properties Announces Bulk Condominium Transaction In Midtown Miami
Posted by Natasha Lall — April 16, 2013
Miami – 15 April 2013 – Majestic Properties is proud to announce a bulk condominium transaction that recently closed in Midtown Miami. Justin Rubin of Rubin International Group, who represents several private equity and institutional funds from Latin America, Europe, Asia, and the Northeastern United States, represented the buyer. “The timing was right and we were able to match the investor’s criteria to the right product at the right time,” said Mr. Rubin.
The Latin American buyer of the 13-condominium bulk transaction in Midtown Miami, which are made up of both residential and retail condos, wishes to remain unnamed. Rubin International Group has also brokered more than 5 additional sales in Midtown Miami to different buyers since the beginning of 2013. “The ability to utilize the Miami real estate market as if it were the public sector is a growing attraction to domestic individuals as well as foreign nationals,” says Mr. Rubin. “When we can show our investors the types of returns we do without assuming the liabilities and volatilities of other types of investments, it really turns out to be a no-brainer.”
About Majestic Properties
Majestic Properties has been named the fastest growing, privately held, full-service real estate company in the United States by INC. 500 and is one of South Florida’s largest. Founded in 1995 by Jeff Morr, the company has over 200 sales professionals - fluent in over a dozen languages - specializing in residential and commercial real estate sales and leasing. For additional information, please visit www.majesticproperties.com.
About Rubin International Group
Rubin International Group (RIG)'s team of real estate professionals have extensive knowledge and are considered experts in the luxury real estate sector in Miami. RIG's established relationships and proprietary database of private equity and institutional funds, sophisticated investors, Realtors, bankers, developers, bulk inventory owners, and other professionals in the Real Estate Industry makes them privy to detailed and up-to-the-minute market knowledge, much of which is not available to the general public. From a single condominium as a vacation home or investment property to a bulk acquisition of 100+ units, RIG's team of financial and executive backgrounds, coupled with RIG's experience and relationships in the Miami Real Estate Market, ensure that each client is represented with strength, diligence, determination, and expert negotiation tactics.