Millennium Apartments trades for $62 million

A Los Angeles-based investment firm has acquired the newly completed Millennium Apartments in Fort Myers for $62 million, one of the largest transactions involving a multifamily rental project in Southwest Florida in the past three years.

BH Properties’ purchase of the 298-unit complex comes as Fort Myers is experiencing a surge in population and job growth that ranks it among the fastest-growing communities in the nation since 2010, according to U.S. Census figures.