Canadian investment firm, local group buy Park at Coventry apartment

BUYER: Blueros Coventry LLC, Tampa
SELLER: Palm Island Tampa Associates LLC
PROPERTY: 2902 Sycamore Court, Tampa
PRICE: $16.7 million
PREVIOUS PRICE: $20.43 million, November 2007
LAW FIRM ON DEED: Paul Hastings LLP, New York City

PLANS, DESCRIPTION:
A joint venture of Montreal-based Rosdev Group and an affiliate of Reuven Oded-led investment group Carolyn Corp. purchased the 320-unit The Park at Coventry apartment for $16.7 million.

The price equated to $52,188 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.