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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Mortgage Bankers:
Miami Office
1111 Brickell Ave
Suite 1650
Miami, FL 33131
David Greenburg
Financial Analyst
305.260.4973
david.greenburg@berkadia.com
Wouter Lips
Senior Financial Analyst
786.830.9002
wouter.lips@berkadia.com
Yoav Yuhjtman
Senior Director
786.853.5555
yoav.yuhjtman@berkadia.com
Omar Morales
Director
305.878.2278
omar.morales@berkadia.com
Roberto Pesant
Senior Managing Director
305.975.5956
roberto.pesant@berkadia.com
Jaret Turkell
Senior Managing Director
561.573.6140
jaret.turkell@berkadia.com
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Opportunity to Acquire a 359-Unit, Value-Add, Garden-Style Property in Jupiter, FL
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6705 Mallard Cove Road, Jupiter, FL 33458
Marino Apartments
Opportunity
Berkadia is pleased to exclusively present the opportunity to acquire the Marino Apartments, a 359-unit, value-add, garden-style community located just east of I-95 in Jupiter, FL (Palm Beach County).
The Property is well maintained, and current ownership has upgraded the amenities as well as 55% of the units. Average rents have increased 34% since the property was acquired three years ago.
Moreover, higher rent premiums are supported by both the post renovation rents as well as the rent comps. Dynamics within the submarket are likely to further push rents due to the lack of future supply, increase in homeownership costs, and increased relocations into the area, all are driving rent growth. These dynamics suggest a new owner would be positioned to further elevate the Property’s finishes and compete with today’s newer product.
359
# of Units
1985/1987
Year Built
817
Avg. Unit SF
$2,132
Avg. In-Place Rents
$2,010 / $2.02 PSF
Market Rent
Property Details:
Marino Apartments
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Boca Raton
5100 Town Center Circle Suite 550
Boca Raton, FL 33486
Investment Sales:
Mortgage Banking:
Matthew Robbins
Managing Director
561.609.4008
Matthew.robbins@berkadia.com
Mitch Sinberg
Senior Managing Director
561.609.4006
Mitch.sinberg@berkadia.com
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