IMC Equity Group buys Green House at Dadeland for $24.39 million

IMC Equity Group closed on a 120-unit apartment community next to Dadeland North Metrorail Station in Miami on June 3 for $24.39 million. The deal adds another transit-oriented asset to the firm’s growing South Florida multifamily portfolio.

Why it matters: - The acquisition expands IMC Equity Group’s Miami-area multifamily holdings with a transit-oriented property in one of the city’s most connected neighborhoods. - The deal adds a 95%-occupied asset with ground-floor retail, which supports the firm’s focus on stable cash flow and long-term appreciation. - The location next to Dadeland North Metrorail Station and near Dadeland Mall makes the property attractive for residents who want access to transit, retail and nearby employment centers.

What happened: - IMC Equity Group acquired Green House at Dadeland, a 120-unit multifamily community at 8440 South Dixie Highway in Miami. - The transaction closed June 3, 2026, for $24.39 million. - The seller was an affiliate of The Green Companies. - Cushman & Wakefield brokers Roberto Pesant, Jose Mota and Wouter Lips represented the deal. - Amerant Bank provided financing.

The details: - Green House at Dadeland is a 14-story property built in 2005. - The building totals about 267,448 square feet. - The property was about 95% occupied at the time of acquisition. - The community includes 120 apartment residences and ground-floor retail space. - The asset sits adjacent to Dadeland Mall and within walking distance of the Dadeland North Metrorail Station, a major South Florida transit hub. - IMC Equity Group plans exterior enhancements and upgrades to common areas while keeping the property operationally strong. - IMC Equity Group said the transaction fits its strategy of buying well-located assets with strong occupancy, stable cash flow and long-term appreciation potential.

Between the lines: - Miami multifamily assets with transit access remain in demand, especially in established neighborhoods with access to shopping, jobs and public transportation. - The property’s high occupancy suggests the asset is already producing steady income, which likely made it more attractive as an acquisition target. - The planned improvements point to a value-add approach rather than a full repositioning of the community. - Yoram Izhak said transit-oriented communities remain among the most desirable housing options in major metropolitan markets.

What’s next: - IMC Equity Group plans to invest in exterior upgrades and common-area improvements. - The firm will continue managing the property with a focus on resident experience and long-term value creation. - IMC Equity Group is likely to keep pursuing similar well-located multifamily assets across Florida as part of its broader portfolio strategy.

The bottom line: - The purchase gives IMC Equity Group another stable, transit-connected multifamily asset in Miami at a time when location and access remain key drivers of apartment demand.