Atlanta's Cortland Partners redeveloping Preserve at Deer Park

By Business Observer Staff
| 8:56 a.m. October 11, 2013
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Tampa Bay-Lakeland

BUYER: Livingston FL Partners LLC (Portfolio 8 Investors LLC), Atlanta
SELLER: Palms at Livingston Apartments LP
PROPERTY: 15420 Livingston Ave., Lutz
PRICE: $26.8 million
PREVIOUS PRICE: $10.1 million, July 2004
LAW FIRM ON DEED: Morris Manning & Martin LLP, Atlanta

PLANS, DESCRIPTION: An investment group led by Atlanta-based Cortland Partners purchased the 448-unit Preserve at Deer Park apartment complex for $26.8 million.

The price equated to $59,821 per unit.