HERITAGE AT BOCA RATON APTS. SELLS FOR $67.96M

BOCA RATON, FLA. — The 248-unit Heritage at Boca Raton, an apartment complex located at 320 W. Palmetto Park Rd. in Boca Raton, has been sold for $67.96 million in an all-cash transaction. The property is currently 92 percent leased. Hampton Beebe and Marc deBaptiste of ARA's Boca Raton office represented Priderock Capital Management, the seller, in the transaction. The buyer was a pension fund advisor.