Montreal real estate investor pays $26 million for two apartments

BUYER: Royal Breeze Apartments Inc.(officers: Radwan Nassri and Vincent Chiara), Montreal, Quebec
SELLER: Royal Breeze Apts. Inc.
PROPERTY: 21227 U.S. Highway 19 N., Clearwater
PRICE: $17.2 million
PREVIOUS PRICE: $13.85 million, November 2007

BUYER: Lenox Apartments Inc. (officers: Radwan Nassri and Vincent Chiara), Montreal, Quebec
SELLER: Lenox Place Apartments Inc.
PROPERTY: 11311 N. 22nd St., Tampa
PRICE: $8.8 million
PREVIOUS PRICE: $5 million, June 2008
LAW FIRM ON DEED: Buchanan Ingersoll Rooney PC, Tampa

PLANS, DESCRIPTION:
Groupe Mach Inc. purchased the 200-unit Royal Breeze Apartments in Clearwater and the 168-unit Lenox Place Apartments in Tampa. The Montreal-based firm, owned by Vincent Chiara, bought the Royal Breeze Apartments for $17.2 million and paid $8.8 million for the Lenox Place Apartments.