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.
For over 30 years, The Dermot Company, a vertically integrated multifamily investor and operator, has grown to become a market leader, with a portfolio that includes over 6,000 apartments on the East Coast, from New York to Florida. With offices in New York City and West Palm Beach, Florida, Dermot owns and/or operates 21 luxury communities across New York City and Florida.
The Landon is a 340-unit residential building located on West 43rd street. Built over two decades prior, the site was in need of a significant renovation to keep up with the surrounding developments. Complex interventions were needed for the lobby, amenity and fitness spaces.
The Dermot Company Sets New Bar on How to Develop Multifamily Sustainably and Profitably
The Dermot Company takes home first place in most prominent award for ESG, Achieving 100% carbon neutrality for two straight years, a GRESB score of 86 and more