MIAMI & NEW YORK–(BUSINESS WIRE)–Alpaca Real Estate (“ARE”) and Phoenix Realty Group (“PRG”) announced today that a joint venture between the firms has acquired Bay Pointe, a 269-unit, seven-story multifamily community in Miami’s South Kendall submarket. The 2024-vintage property is located adjacent to Palmetto Bay with direct access to U.S.-1 / South Dixie Highway and Florida’s Turnpike. Bay Pointe offers modern residences and a full amenity package, including a resort-style pool, 24-hour fi