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
  • Commercial Real Estate
  • Share

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.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news
Subscribe

Already subscribed? Sign in.

Latest News

  • March 31, 2026
South Seas buys 22-acre artist retreat on Captiva
  • March 31, 2026
Pizzeria closes on Main Street in Sarasota
  • March 31, 2026
Naples man faces decades in prison for cheating elderly woman
  • March 31, 2026
Southwest Florida construction firm opens Tampa office

Sponsored Content