Read Property Group buys Oaks View apartments

BUYER: Oaks View Apartments RWA LLC (manager: Robert Wolf), Brooklyn, N.Y.
SELLER: Tropical Manor Investments Inc.
PROPERTY: 7508, 7514, 7519, 7522, 7531, 7536, 7541, 7603, 7633, 7700, 7705, 7708, 7711, 7717, 7718 and 7722 Highwater Drive and 3920, 3928, 3929 and 3923 Ripple Court,
New Port Richey
PRICE: $6.35 million
PREVIOUS PRICE: $7.98 million, March 2005
LAW FIRM ON DEED: Burr & Forman LLP, Tampa

PLANS, DESCRIPTION:
Brooklyn, N.Y.-based Read Property Group LLC purchased the 152-unit Oaks View apartment complex for $6.35 million.

The price equated to $41,776 per unit. That figure is lower than the two-year average price per unit for multifamily space ($72,609) in the Tampa Bay area, according to the CoStar Group.