Press Releases
Marcus & Millichap Closes Two-Property Multifamily Sale in Southeastern Florida
December 09, 2025
HOLLYWOOD, Fla., Dec. 9, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Hollywood Square and Islander Apartments, two multifamily assets totaling 197 units in Hollywood, Florida.
“The Hollywood Square and Islander properties were well maintained, centrally located and offered a clear value add opportunity,” said Joseph Thomas, senior managing director investments in Marcus & Millichap’s Fort Lauderdale office. “We received significant interest and conducted more than 40 property tours, which resulted in a competitive bidding process.” Thomas, Alec Demetriou, Adam Marcuvitz, and Ethan Krauss of Marcus & Millichap represented the seller, Bryan Grosman, and procured the buyers, a joint venture comprised of 27 Capital and an affiliate of Dwight Capital, led by Arash Gohari and Adam Sassouness.
Hollywood Square and Islander Apartments are located just south of Hollywood Boulevard with nearby access to U.S. Route 441, Florida’s Turnpike, and Interstate 95. Employment centers and economic drivers in proximity include Memorial Regional Hospital South, Memorial Regional Hospital, and Joe DiMaggio Children’s Hospital.
Hollywood Square Apartments is a 174-unit asset comprising four buildings constructed in 1968 and 1973 on nearly four acres. The property has a leasing office, fitness center, and eight laundry rooms. Built in 2008 on 3.5 acres, The Islander Apartments is a 23-unit property with gated access and large two- and three-bedroom apartments.
“The Hollywood Square and Islander properties were well maintained, centrally located and offered a clear value add opportunity,” said Joseph Thomas, senior managing director investments in Marcus & Millichap’s Fort Lauderdale office. “We received significant interest and conducted more than 40 property tours, which resulted in a competitive bidding process.” Thomas, Alec Demetriou, Adam Marcuvitz, and Ethan Krauss of Marcus & Millichap represented the seller, Bryan Grosman, and procured the buyers, a joint venture comprised of 27 Capital and an affiliate of Dwight Capital, led by Arash Gohari and Adam Sassouness.
Hollywood Square and Islander Apartments are located just south of Hollywood Boulevard with nearby access to U.S. Route 441, Florida’s Turnpike, and Interstate 95. Employment centers and economic drivers in proximity include Memorial Regional Hospital South, Memorial Regional Hospital, and Joe DiMaggio Children’s Hospital.
Hollywood Square Apartments is a 174-unit asset comprising four buildings constructed in 1968 and 1973 on nearly four acres. The property has a leasing office, fitness center, and eight laundry rooms. Built in 2008 on 3.5 acres, The Islander Apartments is a 23-unit property with gated access and large two- and three-bedroom apartments.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
