Harbor Group Buys 505-Unit Kendall Apartments for $109M

Harbor Group International has acquired Emerald Palms, a 505-unit garden-style community at 12315 SW 151st Street in Kendall, for $109 million, or roughly $215,800 per unit. The August 2026 sale closed through Emerald Palms Gardens LP; The Milestone Group sold via MREI V Emerald LLC.

The buyer assumed a $97 million Freddie Mac mortgage modified by Berkeley Point Capital, maturing in 2033. Milestone paid $107 million for the property in 2021, buying from Grand Peaks Properties.

The 28.25-acre property totals 528,142 square feet across 37 three-story buildings built in phases in 1984, 1988, and 2004. Units span one- to three-bedroom apartments and townhome layouts across 14 floorplans.

Amenities include two pools, a spa, a fitness center, a bark park, a clubhouse, and lake views. The gated community sits near Zoo Miami, about a mile west of Florida's Turnpike.