New York's Vesper Holdings buys The Pointe at South Florida

BUYER: Vesper USF LLC (associated member: Isaac Sitt), New York City
SELLER: EDR Tampa LP
PROPERTY: 3424 Jefferson Commons Drive, Tampa
PRICE: $31 million
PREVIOUS PRICE: $3.17 million, July 1999
LAW FIRM ON DEED: Martin Tate Morrow & Marston PC, Memphis

PLANS, DESCRIPTION:
New York City-based real estate investment firm Vesper Holdings LLC purchased the 1,002-bed The Pointe at South Florida student-housing facility for $31 million.

The price equated to $92,262 per unit or $30,938 per bed. That figure is more than the average price per unit for multifamily space ($70,803) in the Tampa Bay area, according to the CoStar Group.