Aventura investors buy Beacon Isles Apartments

BUYER: Beacon Isles LLC (principals: Luis Delgado and Erwin Sredni), Aventura
SELLER: Related Isles Apartments LLC and CAM Isles Apartments LLC
PROPERTY: 6158 Beacon Isles Drive also known as 6202 Sheldon, Tampa
PRICE: $29.9 million
PREVIOUS PRICE: $2.44 million, May 2011 (25% interest) and $33.79 million, November 2007
LAW FIRM ON DEED: Foley & Lardner LLP, Tampa

PLANS, DESCRIPTION:Beacon Isles LLC, an Aventura investment group led by Luis Delgado and Erwin Sredni, purchased the 484-unit Beacon Isles Apartments for $29.9 million.

The price equated to $61,723 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.