BOSTON-- Berkshire Group announced an affiliate of the company purchased a 264-unit Class A property in Fort Lauderdale, Florida, from The Related Group. Specific financial terms of the transactions were not disclosed. The property, which will be renamed Berkshire Lauderdale by the Sea, will be managed by Berkshire Communities, the property management subsidiary of Berkshire Group.

“The purchase of Berkshire Lauderdale by the Sea is indicative of our continued investment strategy in core properties in select target markets,” noted Jack Dent, Managing Director and Portfolio Manager at Berkshire Group. “Expanding into the Fort Lauderdale market also allows us to further diversify our portfolio.”

Completed in April 2015, the property features a fitness center, dedicated yoga area and treatment room, game room and club room. Apartment amenities include nine-foot ceilings, private balconies, granite countertops and stainless steel appliances.