M2E Client Lennar Homes sells Valencia at Doral Condominium for $45 million
Lennar’s affiliate, Valencia at Doral LLC, sold 204 units at $205,882 per unit as well as most of the common area for $3 million. In 2006, they paid nearly $68 million for the complex located at 10010 NW 44th Terrace. The Aventura-based buyer, TIF Velencia LLC, obtained the $36 million mortgage which is backed by FirstKey Lending. This bulk investment in Valencia is most definitely a substantial one.