Tampa apartments sell for $85.1 million

TAMPA -- Camden is letting go of a Tampa apartment complex it's owned for nearly three decades, selling the Camden Bayside apartments on Westshore Boulevard for $85.1 million.

Cortland Partners, a multifamily redeveloper from Atlanta, purchased the property through its Westshore Fl Partners LLC affiliate, using a $69.1 million mortgage from Walker Dunlop LLC.

Lookout Pointe Associates, an affiliate of the Paragon Group in Dallas, built the 832-unit complex in the late 1980s. Camden would take over ownership after acquiring Paragon in 1996.