Top Deals: Sarasota/Manatee

Apartment deals continue to flourish in two-county area.

  • By Kevin McQuaid
  • | 6:00 a.m. December 27, 2019
  • | 0 Free Articles Remaining!
COURTESY PHOTO — New York-based Bluerock Real Estate acquired the 180-unit DeSota apartments in downtown Sarasota for $80.3 million in the largest deal in the submarket for 2019.
COURTESY PHOTO — New York-based Bluerock Real Estate acquired the 180-unit DeSota apartments in downtown Sarasota for $80.3 million in the largest deal in the submarket for 2019.
  • Commercial Real Estate
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Apartment sales edged out other commercial real estate sectors for overall top transactional activity in Sarasota and Manatee counties for the fourth time in as many years in 2019, as investors clamored to lock in current and future yields amid steady population growth.

 

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