ATLANTA-Some 1.9 million sf of assets--office and industrial throughout the Southeast--are now officially in the hands of Capital Partners. The deal is part of a larger strategy on the part of the seller to shed "between $450 million and $550 million of non-core assets" before '07.

ORLANDO-Hollywood Towne House LLC sells the 418-unit Cedar Cove community to 2665 LLC for $40 million or $95,694 per unit. In Tampa, Arbour Ponds Apartments LLC pays Florida Sundance LP $25.5 million for the 338-unit Arbour Ponds Apartments.

PEMBROKE PINES, FL-Shoma pays Northwestern Investment $220,000 a unit for the 31-building complex that was built in 1997 and is 100% leased. Direct-access garages for all units helped ratchet up the price, despite its age, according to a broker involved in the deal.

ST. PETE BEACH, FL-The North Miami Beach-based REIT and RMC Property Group of Tampa pay $203.37 per sf for the 138,169-sf center. The 93%-leased property is located on 11.4 acres along Boca Ciega Bay, across the street from the Gulf of Mexico.