REBusinessOnline

FLORIDA APARTMENT COMPLEX SOLD FOR $6.99 MILLION

CLEARWATER, FLA. — Wisco 1 has purchased the 184-unit Long Branch Apartments from Denver-based New South Properties for $6.99 million. The Clearwater property is 30 percent vacant, and Wisco plans on spending $1 million to renovate the complex. NAI Tampa Bay’s John Burpee brokered the purchase, and John Stone of Colliers Arnold’s Clearwater office represented the seller.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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