Investors Management Group buys Hidden Oaks Apartments

By Business Observer Staff
| 9:44 a.m. December 6, 2013
| 0 Free Articles Remaining!

Tampa Bay-Lakeland

BUYER: Clearwater Oaks Townhomes LLC (principal: Investors Management Group Inc.), Los Angeles
SELLER: Hidden Oaks Apartments Inc.
PROPERTY: 1121 Druid Road, Clearwater
PRICE: $8.5 million
PREVIOUS PRICE: $1.9 million, September 2006

PLANS, DESCRIPTION: Los Angeles-based private equity firm Investors Management Group Inc. purchased the 200-unit Hidden Oaks Apartments in Clearwater for $8.5 million.

The price equated to $42,500 per unit.