Continental Realty Corp. buys Aventine at Naples

BUYER: Aventine at Naples LLC (CRC Fund III General Partner LLC), Baltimore
SELLER: San Marino Apartments Associates LLC
PROPERTY: 9438 Marino Circle, Naples
PRICE: $44.25 million
PREVIOUS PRICE: $22 million, June 2010
LAW FIRM ON DEED: Henderson Franklin Starnes & Holt PA, Fort Myers

PLANS, DESCRIPTION: Baltimore-based real estate developer Continental Realty Corp. purchased the 350-unit Aventine at Naples apartments for $44.25 million.

The price equated to $126,429 per unit.