SDG Apartments buys Sundance Grove

BUYER: SDG Apartments LLC (principal: Richard Riffel), Ruskin
SELLER: Edison 168 LLC
PROPERTY: 2427 E. Mall Drive, Fort Myers
PRICE: $3.6 million
PREVIOUS PRICE: $11.67 million, September 2005
LAW FIRM ON DEED: Williams Parker Harrison Dietz & Getzen, Sarasota
PLANS, DESCRIPTION: SDG Apartments LLC, a limited liability company owned by Richard Riffel, purchased the Sundance Grove apartment complex on Mall Drive next to the Edison Mall for $3.6 million.