The Dermot Company sells residential community in Boynton Beach, Fla.
The Dermot Company sold The Seabourn, a 456-unit luxury community in Boynton Beach, Fla., to IMT Capital for a reported $184 million, completing a full-cycle investment following more than four years of ownership and strategic upgrades.
The Dermot Company sold The Seabourn, a 456-unit luxury apartment and townhome community in Boynton Beach, Fla., to IMT Capital. The property has been rebranded as IMT Gulfstream.
Wall Street high-rise swaps trading desks for lofty living
PERE dives into the history of The Dermot Company’s 20 Exchange property in Manhattan’s Financial District. Once the headquarters of the City Bank Farmers Trust Company, the building was converted to luxury residences. Dermot is continuing to modernize and upgrade the community with the planned additions of private and shared workspaces, a screening room, social lounges and even a sports simulator.
Dermot Elevates Multifamily Living Through Community and Efficiency
The Dermot Company’s Alissa Hazan, director of portfolio operations and general counsel, was recently featured in Multifamily Executive. She shared how Dermot is elevating the resident experience, embracing innovation, and driving long-term value across its growing portfolio of more than $5 billion in assets under management and a portfolio spanning over 7,800 apartments on the Eastern Seaboard.