SYMCOR BUYS FOUNTAINS AT NORTH POINT

NORTH POINT, FLA. — Symcor Capital Properties has acquired the Fountains at North Port, a 312-unit apartment community in North Port, for $19.7 million. The property, located at 1015 Panacea Blvd., is 95 percent occupied and units average 923 square feet. Community amenities include a clubhouse, computer center, fitness center and swimming pool and spa. Elliott Throne and Todd Adams of HFF arranged a 10-year, $14.6 million acquisition loan on behalf of the buyer through GE Capital Real Estate. Matt Mitchell and Jaret Turkell led the HFF team that represented the seller in the transaction.