WEST PALM BEACH, FL (Boca Post) (Copyright © 2025) — Real estate firm Newmark announced it has arranged the $69.95 million sale and financing of Visions at Willow Pond, a 300-unit garden-style apartment community in West Palm Beach.
Executive Managing Director Tal Frydman and Vice Chairman Hampton Beebe of Newmark Multifamily Capital Markets handled the sale on behalf of the seller, Bar Investment Group.
On the financing side, Executive Managing Director Jim Badolato, Managing Director Mike McKee, and Associate Kippy Donovan of Newmark’s Debt & Structured Finance group secured $50 million in Freddie Mac acquisition financing for the buyer, Morgan Properties, one of the largest private apartment investors in the country.
“This transaction reflects the strength of collaboration across Newmark’s capital markets business,” Frydman said in the announcement. “Our integrated approach allowed us to deliver a seamless execution that aligned with Morgan Properties’ strategic growth objectives. It also underscores continued investor confidence in the fundamentals of the West Palm Beach multifamily market.”
Located at 4860 Sand Stone Lane, the community offers one- and two-bedroom apartments across 17 two- and three-story buildings. Amenities include a resort-style pool, sundeck, 24-hour fitness center, and clubhouse lounge. Morgan Properties plans to continue in-unit upgrades and enhance amenities as part of a capital improvement program.
The property sits less than 10 minutes from Downtown West Palm Beach and about two miles from I-95, offering access to shopping and employment hubs like Palm Beach Outlets, The Square, and The Breakers Palm Beach.
According to Newmark, Palm Beach County leads Florida in both population and income growth and continues to draw major employers as the region’s “Wall Street South” reputation expands.
