Abacus acquires Sage apartments

$60.4 million deal for Sarasota County multifamily rental complex represents New York firm’s first Gulf Coast acquisition.

By Kevin McQuaid
| 6:00 a.m. August 21, 2020
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Commercial Real Estate

In one of the largest multifamily rental transactions in Sarasota County in the past year, Abacus Capital Group has purchased the Sage at Palmer Ranch apartments for $60.4 million, property records show.

The acquisition marks the New York firm’s first along the Gulf Coast. Abacus owns four other apartment complexes in Florida, according to its website.