Two Westchase area apartments fetch nearly $80 million

March 27, 2015

Two northwest Hillsborough County apartment properties totaling 670 units have sold for a combined $78.2 million, records show.

Schmooze-A-Rama

At our Bisnow 2014 Atlanta Forecast, we met up with Franklin Street Real Estate Services’ Ricky Jones fresh from brokering the sale of the Ponce De Leon Hotel. Nazar Properties purchased the 58-room, 19k SF extended-stay hotel for an undisclosed sum from the long-time family who owned it.

River Oaks Sold for $8.8M

A private investor acquired the River Oaks apartments at 4102 Oak Knoll Ct. in Tampa, FL from WISCO LLC for $8.8 million, or about $34,000 per unit.

More Money: 2014 Multifamily Investment Forecast

What’s in store for multifamily investors in the new year ahead?

Ponce Hotel sells

An intown Atlanta hotel has a new owner. The Ponce DeLeon Hotel, located just blocks from the future Ponce City Market, has sold for $1.6 million, according to Fulton County court records.