Blue Rock Partners, Konover South LLC buy third Fort Myers apartment

BUYER: Montego Bay Property LLC, Tampa
SELLER: 288 Fort Myers LLC
PROPERTY: 2719-2755 Colonial Blvd., Fort Myers
PRICE: $16.13 million
PREVIOUS PRICE: $29.45 million, October 2005
LAW FIRM ON DEED: Macfarlane Ferguson & McMullen, Clearwater

PLANS, DESCRIPTION:
A joint venture of Tampa-based Blue Rock Partners LLC and Deerfield Beach-based Konover South LLC purchased the 288-unit Montego Bay Apartment Homes for $16.13 million.

The price equated to $56,000 per unit. That figure is lower than the average price per square foot for multifamily space ($70,191) in Southwest Florida, according to the CoStar Group.