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Marcus & Millichap’s IPA brokers USD 90.5 million sale of 400-unit West Palm Beach condo conversion to Kamson Corp

PUBT·08/04/2026 14:01:23
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Marcus & Millichap’s IPA brokers USD 90.5 million sale of 400-unit West Palm Beach condo conversion to Kamson Corp
  • Marcus & Millichap’s IPA brokered Kamson’s USD 90.5 million purchase of the 400-unit Ponte Verde at Palm Beach Lakes in West Palm Beach.
  • Deal ranks among Florida’s largest condominium-to-multifamily rental conversions, positioning the asset for a deconversion into a rental community.
  • Transaction was driven by rising maintenance costs, Florida Building Safety Act reserve requirements, rising operating expenses, strong local housing demand.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202608041001BIZWIRE_USPR_____20260804_BW869858) on August 04, 2026, and is solely responsible for the information contained therein.