(Carl Cronan is editor of RealEstateFlorida.)
TAMPA, FL-Mid-America Apartment Communities Inc. has purchased a92% majority of the 234-unit Village Oaks apartment complex herefor nearly $21.3 million. Cushman & Wakefield's FloridaApartment Brokerage Services negotiated the sale on behalf of RadcoManagement LLC, receiver for EB Developers Inc., the property'sprevious owner.
The total sale price comes to approximately $98,800 for each ofthe 215 units, or $70 per sf for the portion of Village Oakspurchased by Mid-America. The 19 remaining units are ownedindividually as condominiums.
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