BRADENTON, FL-An Illinois-based company controlled by Inland Private Capital Corp. has purchased Lost Creek Apartments, a 272-unit community at 11140 Lost Creek Terrace, for $39.25 million. A Winter Park company, Lost Creek Apartments LLC, sold the 24-acre property to Oakbrook, Illinois-based Bradenton Multifamily DST.
Lost Creek, which bought the land in December 2010 for $3.47 million, completed the complex in 2011. PNC Bank provided $21.6 million in acquisition loan to Bradenton Multifamily DST. For the full story, go to Tampa Bay Business Journal .
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