Atlanta's Cortland Partners pays $41M for Carlyle at Crosstown

BUYER: Crosstown Club FL Partners LLC (Cortland Partners), Atlanta
SELLER: Crosstown Tampa Investors LLC
PROPERTY: 1820 Crosstown Club Place, Tampa
PRICE: $41.24 million
PREVIOUS PRICE: $35.25 million, November 2011
LAW FIRM ON DEED: Morris Manning & Martin LLP, Atlanta

PLANS, DESCRIPTION:
Atlanta's Cortland Partners purchased the 300-unit Carlyle at Crosstown apartment complex for $41.24 million.

The price equated to $137,477 per unit. That figure is higher than the two-year average price per unit for multifamily space ($72,609) in the Tampa Bay area, according to the CoStar Group.