IPA BROKERS SALE OF TWO FLORIDA MULTIFAMILY PROPERTIES

by admin

ST. PETERSBURG & VENICE, FLA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has completed the sale of two multifamily properties in Florida. DT Group Development sold the 276-unit Sienna Bay Apartments, located at 4th St. North in St. Petersburg, to Harbor Group International for $19.5 million. Fairfield Residential Co. sold the 243-unit Monterrey Apartments, located at 1001 Center Rd. in Venice, to Beachwold Residential for $11.5 million. Jamie May of the firm's Tampa office represented both buyers and sellers.

You may also like