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CLEARWATER, FL-Pensam Belleair Gardens, LLC has purchased a multifamily community having 145 units in Clearwater from a national lending institution. The sale price for the REO property, built in 1973 and renovated in 2006, was not disclosed.

The managing unit of BH Pensam Partners, LLC is BH Pensam Partners, LLC, a partnership between BH Equities, LLC of Des Moines, Iowa and Pensam Capital, LLC of Miami. BH Pensam has plans to invest a large capital to renovate the community. For the full story, go to Florida Real Estate Journal.


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