Bluerock buys DeSota apartments in downtown Sarasota

Sale sets a new high water mark for per-unit pricing in city

  • By Kevin McQuaid
  • | 6:00 a.m. June 7, 2019
COURTESY RENDERING — The 180-unit DeSota apartment project in downtown Sarasota was purchased by Bluerock Real Estate for $80.3 million.
COURTESY RENDERING — The 180-unit DeSota apartment project in downtown Sarasota was purchased by Bluerock Real Estate for $80.3 million.
  • Commercial Real Estate
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Bluerock Real Estate LLC of New York has acquired the 10-story DeSota apartment building in downtown Sarasota for $80.3 million, a record amount for a multifamily rental project in the city and among the highest prices per unit among the sector’s transactions in Florida in the past year.

 

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