Miami clinic entrepreneur Jorge Acevedo is doubling down on Hialeah, snapping up a 74-unit apartment complex in West Hialeah for $21.2 million and planting another flag just blocks from where many of his senior patients get care.
The deal centers on the garden-style Regency Club Apartments at 1350 West 46th Street, in a pocket of the city where Acevedo’s medical network already has a heavy presence among seniors and working-class residents.
As reported by The Real Deal, an entity managed by Acevedo bought the complex and financed the purchase with a $10.6 million loan from City National Bank of Florida. Public records cited by the outlet show the buyer paid about $286,500 per unit. Royal Income Properties was the seller.
Property details
The LoopNet listing for 1350 W 46th Street shows the Regency Club complex holds 74 units, was completed in 1972 and sits on roughly 1.78 acres. The buildings total about 72,000 square feet in a three-story, low-rise layout that is classic Hialeah garden-apartment style.
Those basics help explain why investors eye the property as a potential workforce or value-add multifamily play, especially in a city where demand for relatively attainable rentals has stayed strong.
Acevedo's local ties
As detailed by The Real Deal, Acevedo is a Cuban-born physician who founded La Colonia Medical Centers. His flagship West Hialeah clinic opened in 2012 and brings multiple specialties under one roof.
That medical footprint in the neighborhood likely informs his interest in nearby senior and workforce housing assets, effectively tying his healthcare business to the same residents who fill local rental buildings.
Nearby deals and value change
Public property listings show Royal Income bought the Regency Club site in 2002 for about $4.1 million, according to Redfin a hefty rise in value over roughly two decades.
Acevedo has been active on the multifamily front as well. He picked up a 41-unit Hialeah apartment property in 2024 for about $6.1 million, according to Traded and broker listings.
The Regency Club purchase adds another nontraditional landlord to Hialeah’s growing roster of multifamily owners at a time when buyers are chasing steady, workforce-oriented rental income. For Acevedo, the deal further intertwines his healthcare and housing interests in a neighborhood where both sectors revolve around the same senior and working-class populations.
