BRANDON, FL-Alliance Residential Company, a Phoenix-based private investment firm, has acquired a 366-unit apartment complex called Westbury at Lake Brandon Apartments for $33.1 million, which translates into $90,437 per apartment. The Class A property located in Brandon features three-, two- and one-bedroom apartments with an average size of 988 square feet.
CW Capital financed the acquisition. In the deal, Jim Bobbitt and John Selby of the Multi-Housing Group of CB Richard Ellis represented the owner, Westbury Owner, LLC.For the full story, go to Florida Real Estate Journal.
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