---
title: "Waterton Buys South Florida Rental for $81M"
url: https://burnaze.com/article/9b2fefba-dfa6-4283-90d5-1fe7b6e99bff
source: "Commercial Observer"
original_url: https://commercialobserver.com/2026/06/waterton-landings-at-pembroke-lakes-bar-invest/
author: "Julia Echikson"
category: "Real Estate"
published: 2026-06-29T16:50:14.000Z
modified: 2026-10-31T13:19:03.102Z
image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/06/David-Schwartz-The-Landings-at-Pembroke-Lanes-credit-Waterton.jpg?quality=80&resize=1200%2C630&strip=
---

# Waterton Buys South Florida Rental for $81M

**TL;DR:** Waterton has paid $80.5 million for the Landings at Pembroke Lakes, a multifamily asset in Pembroke Pines, Fla. The acquisition increases Waterton's portfolio to 1,450 units.

*By Julia Echikson, originally published in Commercial Observer on 2026-06-29. [Read the original](https://commercialobserver.com/2026/06/waterton-landings-at-pembroke-lakes-bar-invest/).*

## Story

Chicago-based investor **Waterton** has paid $80.5 million for a multifamily asset in Pembroke Pines, Fla., the buyer announced.

Called the **Landings at Pembroke Lakes**, the garden-style property houses 358 apartments, which were built around a 45-acre lake at **10650 Washington Street**, about a mile north of Pembroke Road and the neighboring town of Miramar. The deal, which **Walker & Dunlop** arranged, equates to just under $225,000 per unit.

“The Landings at Pembroke Lakes is well positioned to serve renters seeking a more accessible option in the Fort Lauderdale and Miami region,” **Casey Mog**, vice president of acquisitions at Waterton, said in a statement.

The seller, **Bar Invest**, purchased the 27-acre property for $79.5 million in 2021, the *South Florida Business Journal* reported, although no deed has been filed in property records.

Waterton plans to renovate its new Florida asset, which was constructed in 1989. The buyer took out financing, but declined to provide additional details and the property’s occupancy rate.

The acquisition increased Waterton’s portfolio to 1,450 units. In South Florida, it also owns the 321-unit **One Plantation**, which it bought for $88.3 million in 2023, and the 216-unit **Verona at Boynton Beach,** which it acquired for $80 million in 2022.

## Entities

- Real Estate (sector)
- Commercial Observer (publication)
- real estate investment (topic)
- portfolio expansion (topic)
- Julia Echikson (person)
- Walker & Dunlop (company)
- multifamily asset (topic)
- Waterton (investor)
- Landings at Pembroke Lakes (location)
- Casey Mog (person)
- Bar Invest (investor)
- One Plantation (location)

---
Originally reported by Julia Echikson, Commercial Observer (https://commercialobserver.com/2026/06/waterton-landings-at-pembroke-lakes-bar-invest/). Summarized by Burnaze (https://burnaze.com/article/9b2fefba-dfa6-4283-90d5-1fe7b6e99bff).