arts
Waterton buys for $81M, NADG scores $121M loan amid Palm Beach-area apartment shortage
By Grace McClung at The Real Deal
· June 25, 2026
· 1 min read
Investors snapped up an $81 million Broward County apartment complex, while developers secured a $121 million construction loan for a Palm Beach County project this week. David Schwartz’s Waterton Residential dropped $80.5 million on a 358-unit apartment complex in Pembroke Pines. The deal worked ou
Key takeaway David Schwartz’s Waterton Residential dropped $80.
Why this matters in The Miami
The recent apartment complex deals in Broward and Palm Beach counties have significant implications for Miami 's neighboring communities. With Miami-Dade County facing its own housing affordability challenges, the demand for apartments in surrounding areas is likely to increase. The $81 million purchase of The Landings at Pembroke Lake Apartments in Pembroke Pines and the $121 million construction loan for a Palm Beach County project underscore the region's desirability and the need for more housing options. As Miami's population continues to grow, driven in part by its strong connections to Latin American and Caribbean communities, the availability of affordable housing in nearby counties will become increasingly important. The fact that The Landings at Pembroke Lake Apartments was built in 1989 also raises questions about the potential for redevelopment and renovation of older properties in Miami-Dade County to meet the growing demand for housing.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts ·
Published: June 25, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Investors snapped up an $81 million Broward County apartment complex, while developers secured a $121 million construction loan for a Palm Beach County project this week. David Schwartz’s Waterton Residential dropped $80.5 million on a 358-unit apartment complex in Pembroke Pines. The deal worked ou
When was this published? This article was first published on June 25, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Grace McClung at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
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