Apartment complex trades for $110.5 million

BRADENTON — A Jupiter-based firm has acquired a waterfront Bradenton apartment community for $110.5 million, the largest sale of a multifamily rental complex in the Sarasota or Bradenton markets in the past decade.

FLF Holdings' purchase of the Carlton Arms of Bradenton marks the latest in a series of acquisitions for the 15-year-old firm, which owns properties in Florida, Texas, Illinois, Pennsylvania and Ohio, according to its website.

The 900-unit complex, at 5200 Riverfront Drive, had been owned and managed for nearly four decades by The Mahaffey Apartment Co., of Winter Park, property and state records indicate.