Cantor Fitzgerald Asset Management and RPM Living Acquire Biscayne Shores in North Miami

Affiliates of Cantor Fitzgerald Asset Management and RPM Living Investments have acquired Biscayne Shores, a newly completed luxury waterfront multifamily community in North Miami, from Integra Investments through a joint venture.

The eight-acre property, delivered in 2024 by Integra Investments in partnership with Andrew Korge of Korgeous Group and David Larson of DCL Capital, combines a high-rise multifamily tower and townhome villas. The development offers proximity to major employment centers and core lifestyle destinations in the Miami area. Financial terms were not disclosed.

This transaction continues the collaborative investment activity between CFAM and RPM Living Investments, following recent acquisitions in Dallas, Denver, Houston, Orlando, and Tampa. The deal represents an addition to the partners' expanding portfolio of institutional-quality multifamily assets in growth-oriented markets.

"We believe Biscayne Shores is well-positioned to benefit from the favorable demographic trends and strong demand drivers shaping the Miami market, underscoring the long-term appeal of high-quality multifamily assets in the region for institutional investors," said Chris Milner, CIO, Real Assets at CFAM. "This acquisition exemplifies our investment strategy of sourcing high-quality multifamily properties in dynamic, growth-oriented markets."

"Biscayne Shores sets a new standard for luxury waterfront living in North Miami," said Hank Farrell, CEO of RPM Living Investments. "Residents will benefit from thoughtfully curated amenities, modern design and convenient access to all that South Florida has to offer."

"We are proud to bring Biscayne Shores to market and deliver a project that reflects the continued growth and demand we are seeing across North Miami," said Nelson Stabile, principal at Integra Investments. "We remain bullish on this submarket, and this transaction reflects the strength of the fundamentals driving it."

For operators, investors and service providers in the multifamily sector, the acquisition highlights continued institutional interest in newly developed, high-end product in South Florida. Biscayne Shores illustrates a partnership model between asset managers and operators to scale portfolios across diversified growth markets while integrating newly delivered assets into operating platforms.