Palms of Monterey Apartments

Recently purchased multi-family project
Ft. Myers, FL

The Palms of Monterrey is a 408-unit, resort-style multi-family community located on a 28-acre site on Florida’s Southwest coast. DeBartolo Development invested in a joint venture that paid $24.5 million for a mortgage loan with an outstanding balance of $65.8 million. The 1, 2 and 3-bedroom apartment community is located only minutes from Ft. Myers Beach, Sanibel and Captiva and Tanger Outlets.