Peridot Palms apartments in St. Petersburg trade for $98.25 million

UDR deal for luxury 381-unit multifamily rental complex fits its acquisition strategy

  • By Kevin McQuaid
  • | 6:00 a.m. April 5, 2019
  • | 0 Free Articles Remaining!
  • Commercial Real Estate
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A Denver-area-based real estate investment trust has acquired a St. Petersburg apartment project for one of the highest amounts spent on a suburban multifamily rental complex in the region in the past five years.

UDR Inc., which began as United Dominion Realty Trust, bought the Peridot Palms apartments for $98.25 million, Pinellas County records show.

 

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