Two Tampa apartments sell for $38M

TAMPA — A joint venture of BH Management Services LLC and Highland Capital Management LP purchased the Sabal Park Apartments and Courtney Cove Apartments for a combined $38 million. The joint venture purchased Sabal Park for $19.05 million and Courtney Cove for $18.95 million.

The price equated to $67,708 per unit. That figure is lower than the average price per unit for multifamily space ($70,803) in the Tampa Bay area, according to the CoStar Group.

Sabal Park has 252 units and occupies a 14.94-acre parcel. Courtney Cove has 324 units and its 22 buildings sit on 13.82 acres.