BBX Capital Real Estate completes sale of Altis Little Havana for ~$9.5M net cash

BBX Capital, Inc.

Altis Little Havana 224-unit multifamily community in Miami, Florida sold by joint venture.
BBX Capital Real Estate expects ~$9.5 million net cash distribution from joint venture.
Equity earnings of ~$8.4 million recognized in Q2 2022 from the investment.
Joint venture formed in 2019; construction completed in 2022 before sale.

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