APARTMENT COMPLEX SOLD FOR $13.57 MILLION

FORT MYERS, FLA. — MAS Group has sold the 180-unit Bay Breeze Villas apartment complex to DeBartolo Development for $13.57 million. The property, located off Iona Road in Fort Myers, is a converted condominium project that was purchased for a discount to replacement cost. Bay Breeze spans 201,196 square feet and was built around a 9-acre lake. Jamie May and Matt Mitchell of Marcus & Millichap represented the seller.