Sarasota apartment complex sells to Chicago investors for more than $120 million

Two years after buying complex, a New York firm more than doubles its money.

Sage on Palmer Ranch at 12501 Honore Ave in Sarasota sold to Chicago investment firm.
Sage on Palmer Ranch at 12501 Honore Ave in Sarasota sold to Chicago investment firm.
  • Manatee-Sarasota
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A 257-unit apartment complex in Sarasota has sold for $121.25 million, according to county property records.

 

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