The Dermot Company was featured in an Institutional Real Estate, Inc. article examining the post-pandemic multifamily shift linking New York’s renewed momentum with Florida’s continued growth.

As part of a strategic repositioning, Dermot is investing approximately $2 million in new amenities and community upgrades at the rebranded Ryder Place at Wellington.

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’s sale of The Seabourn in Boynton Beach made The Real Deal’s list of South Florida’s top multifamily sales of 2025.

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.

AFIRE spotlights Dermot’s insights on “Lifestyle Renters”—high-income residents choosing well-located, amenitized rentals as homeownership in desired markets grows less attainable, creating strong opportunities for multifamily investment.