Bay Pointe Apartments sells for $18 million

BUYER: Roosevelt Boulevard Apartments LLC (manager: David Greider), Clearwater
SELLER: Bay Pointe Apartments of Clearwater LLC
PROPERTY: 2770 Roosevelt Blvd., Largo
PRICE: $18 million
PREVIOUS PRICE: $20.25 million, September 2005
LAW FIRM ON DEED: Bayshore Title Insurance Agency, Tampa

PLANS, DESCRIPTION:
A company managed by David Greider of Tampa purchased the 417-unit Bay Pointe Apartments in Largo for $18 million.

The price equated to $43,165 per unit. That figure is lower than the average price per unit for multifamily space ($70.80) in the Tampa Bay area, according to the CoStar Group.