ST. PETERSBURG, FL-Orlando-based Florida REO Managers, Inc. has announced the sale of a rental community in St. Petersburg. Peter Ford, Terrier Properties has acquired Oak Clair Apartments, an apartment property having 32 units, from City National Bank of Los Angeles for $400,000.
The rental community was 50% occupied when the transaction took place. In October, Florida REO Managers was awarded the contract to handle the property. The sale was facilitated by Kevin Kelleher of Franklin Street Real Estate Services. For the full story, go to Florida Real Estate Journal.
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