Today is the 28.02.2026, and exciting developments are shaping the landscape of Palm Beach Gardens, Florida. In a recent announcement, West Shore, a prominent real estate investment firm, has completed the acquisition of the Palm Beach Gardens Apartments for a substantial $117.9 million. This property, located at 4120 Union Square Boulevard, marks West Shore’s 18th acquisition in Florida, bringing their total ownership in the state to an impressive 5,852 units.
The Palm Beach Gardens Apartments complex consists of 542 units spread across 34 two-story rental buildings, a storage facility, and a clubhouse, all situated on 21.5 acres. Originally completed in 1970 and 1971, these apartments offer a range of living options, from one-bedroom to three-bedroom layouts, with monthly rents ranging from $1,842 to over $2,855. The seller, Advenir, based in Aventura, had previously acquired the complex in 2018 for $97.3 million and invested an additional $80 million in renovations.
Modern Amenities and Prime Location
Residents of Palm Beach Gardens Apartments enjoy a wealth of modern amenities that enhance their living experience. The community features fully-equipped kitchens, pet-friendly apartments, a 24-hour fitness center, a resort-style pool, a putting green, and a half-court basketball court. Such amenities cater to diverse lifestyles, making it an attractive option for both families and professionals.
The location of the apartments is equally advantageous, positioned at the intersection of PGA Boulevard and North Military Trail. This prime spot provides easy access to major thoroughfares like I-95 and the Florida Turnpike, facilitating travel and commuting. Nearby, residents can take advantage of shopping opportunities at The Gardens Mall and Downtown at the Gardens, as well as an array of restaurants along PGA Boulevard. Everyday conveniences, including grocery stores, specialty shops, and medical offices, are just a stone’s throw away.
Market Trends and Future Outlook
The real estate market in Florida is proving to be multifaceted and dynamic in 2025. While some regions face challenges like rising insurance costs and stricter building regulations, the demand for luxury properties remains robust. Despite a decade of rapid price increases, the market is showing signs of cooling off without heading into a crisis. With a growing number of listings, buyers now have a wider selection and stronger negotiating power.
As South Florida’s multifamily market experiences a supply overhang due to a surge in construction, with 18,600 apartments completed last year, the dynamics are shifting. This has led to slower lease-ups and a slight decline in average asking rents in the tri-county area. Nevertheless, multifamily investment sales continue to rise, with buyers leveraging various financing methods, including loans from Freddie Mac and Fannie Mae, to seize opportunities in this evolving landscape.
For those interested in investment, cities like Miami, Orlando, and Tampa still attract a strong influx of residents, particularly in the luxury segment. As the market adjusts, investors may find attractive entry points for high-quality properties with potential for value appreciation. The Palm Beach Gardens Apartments stand as a testament to the ongoing vibrancy of the Florida real estate scene.
For more information on this acquisition and the dynamics of the Palm Beach Gardens market, check out the full details on YieldPro and The Real Deal.
Overall, while there are uncertainties in the market, the future remains bright for both buyers and investors in Florida’s real estate landscape.