The property was sold at a cap rate of 7.5%.Boca Raton,FL-based, publicly traded Gables Residential expects its share ofthe gain from the sale to be about $300,000 or one cent per dilutedshare.

The average quoted monthly rent range is $947 to $1,433. GablesCrestwood, at 50 Crestwood Court N., offers two-bedroom/two-bathunits and three-bedroom/two-bath units. Several of the units havegarages.

Units range from 1,196 sf to 1,543 sf. Amenities includefurnished rentals with washer/dryer, ceramic tile, business center,jogging trail, basketball and tennis courts, and picnic area.

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