PALM BEACH GARDENS, FLA. — The Dermot Co., in partnership with Dutch pension fund provider PGGM and TD Asset Management (TDAM), has acquired The Quaye, a 341-unit community in Palm Beach Gardens. Affinius Capital originated a $110 million loan to support the acquisition. Walker & Dunlop’s South Florida Investment Sales team, led by Still Hunter, arranged the sale, while Walker & Dunlop’s Aaron Appel, Dustin Stolly and Michael Ianno arranged the financing.
The community is comprised of one-, two-, three- and four-bedroom apartments and townhomes. It is situated on a 34-acre site featuring multiple lakes. Amenities include a resort-style pool, grills, a playground, a dog park, gated entry, electric vehicle charging stations, a clubhouse with a lounge and entertainment spaces, a 24-hour fitness center, coworking areas and a conference room, a demonstration kitchen and walking trails.