Group of Los Angeles investors buys Apartments at Oak Creek

BUYER: Oak Creek Apartments Clearwater LLC (principal: Chaim Freeman), Los Angeles
SELLER: Apartments at Oak Creek LLC
PROPERTY: 2175 62nd St. N., Clearwater
PRICE: $13.4 million
PREVIOUS PRICE: $8.8 million, April 2012
LAW FIRM ON DEED: Foley & Lardner LLP, Tampa

PLANS, DESCRIPTION:
A Los Angeles area investor group, led by Chaim Freeman of B.F. Management, purchased the 184-unit Apartments at Oak Creek in Clearwater for $13.4 million.

The price equated to $72,826 per unit. That figure is near the average price per unit ($70,803) for multifamily in the Tampa Bay area, according to the CoStar Group.