$45.15 million - Turnbury Park At Palm Aire

New York City-based real estate investment advisory firm TGM Associates purchased the 286-unit Turnbury Park At Palm Aire apartments for $45.15 million.

LOCATION: 6104 Turnbury Park Drive, Sarasota
PURCHASE DATE: July 2
PRICE PER UNIT: $157,867
PREVIOUS PRICE: $27.65 million, September 2010

DETAILS: The gated apartment complex has since been renamed TGM Palm Aire. Amenities include a swimming pool and spa, clubhouse, business center, fitness facility, indoor racquetball court, tennis court and dog park. It was built in 1998. The CoStar Group reports the development's units average 1,035 square feet.