Joint venture acquires apartment complex for $12.4M
A joint venture between South Florida investors paid $12.4 million for the Waterford Villas rental community in Margate. Waterford Villas Associates, an affiliate of Deerfield Beach-based Samco Properties led by Simone A. Spiegel, sold the 120-unit complex at 6954 S.W. 5th Street to Victoria One Waterford Villas. The buyer is a joint venture between Aventura-based…