Acquisition of The Exchange at Brickell Mixed-Use Tower

Deal value: $320M

Acquisition of a 45-story mixed-use tower in Miami, FL, comprising 300 luxury residential units, 25,000 SF of retail, and 15,000 SF of office space. The property is located at 1200 South Miami Avenue and features a rooftop amenity deck and direct access to Brickell City Centre.

The core investment motivation is to capitalize on Miami's sustained demand for luxury urban living and mixed-use environments, particularly in the high-growth Brickell district. The property's prime location, direct access to Brickell City Centre, and diversified income streams from residential, retail, and office components make it a strategic bet on continued urbanization, population inflows, and the resilience of Miami's real estate market. The timing reflects confidence in Miami's post-pandemic economic momentum and the ongoing migration of capital and talent to South Florida.