Apartment owner sees Naples property appreciate 400% in 10 years

The owners of a Naples apartment complex sold to a Dallas investor for $60.1 million more than what they paid in 2012.

  • By Louis Llovio
  • | 1:00 p.m. November 8, 2022
  • | 0 Free Articles Remaining!
Owners of Naples apartment complex sell to Dallas investor for $60.1M more than what they paid in 2012. (Courtesy photo)
Owners of Naples apartment complex sell to Dallas investor for $60.1M more than what they paid in 2012. (Courtesy photo)
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A Naples apartment complex has been sold to a Dallas real estate investment firm for $83 million, a 400% increase from what the previous owner paid for it just 10 years ago.

The 268-unit apartment complex was sold to Cardinal Residential Ventures Nov. 7.

 

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