Development
Adela at Mimo Bay
Miami, FL
Located in the city of Miami along the picturesque Biscayne Bay, ACRE is developing a 432-unit luxury multifamily community. Phase I, Adela at Mimo Bay, features 236 completed units. Additionally, ACRE is collaborating with an institutional joint venture partner to develop the adjacent phase, which will introduce 248 more units and is projected to be finalized in Q1 2024.
Transaction Value
$185M
Loan Amount