UBS Realty Investors affiliate pays $111.5 million for Crescent Bayshore

BUYER: 319 Bayshore Boulevard Apartments Investors LLC
SELLER: Crescent Bayshore Venture LLC, Harford, Conn.
PROPERTY: 120, 204, 205 and 209 Hyde Park Place, 208 W. Platt St. and 101 W. Beach Place, Tampa
PRICE: $111.5 million
PREVIOUS PRICE: $5.02 million, August 2012
LAW FIRM ON DEED: Troutman Sanders LLP, Charlotte, N.C.

PLANS, DESCRIPTION:
An affiliate of UBS Realty Investors LLC purchased the recently completed 367-unit Crescent Bayshore apartment community for $111.5 million.

The price equated to $303,815 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.