Blue Rock Partners, Highgate buy Village at Brandon Apartments

BUYER: HCG Brandon LLC, Chicago
SELLER: Cap VI Brandon LLC
PROPERTY: 1002 Creek Bridge Road, Brandon
PRICE: $10.43 million
PREVIOUS PRICE: $9.16 million, June 2008

PLANS, DESCRIPTION:
A joint venture of Tampa-based Blue Rock Partners LLC and Chicago-based Highgate Capital Group purchased the 112-unit The Village at Brandon Apartments for $10.43 million.

The price equated to $93,080 per unit. That figure is higher than the average price per unit for multifamily space ($70,803) in the Tampa Bay area, according to the CoStar Group.