84-UNIT APARTMENT COMPLEX SOLD FOR $1.5 MILLION

FORT MYERS, FLA. — Cortland Realty Partners IV has purchased the 84-unit Vogue Apartments from Wells Fargo Bank C/O Sovereign Bank for $1.5 million. The Fort Myers property is less than 40 percent occupied and is in need of renovations. John Stone and Jason Stanton of Colliers Arnold’s Clearwater, Fla., office and Jim Garinger and Andrew Falde from the firm’s Fort Myers office brokered the transaction.