Luxury waterfront apartment tower sold for $71 million

FORT MYERS — A Miami-based real estate investment holding firm has acquired a landmark, 32-story apartment tower in downtown Fort Myers for $71 million.  

The firm, Westside Capital Group, acquired the property, Oasis Grand II, in an off-market transaction for about $268,000 per unit, according to a statement. Originally built as a condominium in 2008, the waterfront property features large studio, one-, and two-bedroom units, as well as several two-story, three-bedroom townhomes featuring panoramic water views. It was 98% occupied at the time of the sale, the release states.