Apartment complex in Sarasota sells for $43M

A lakeside rental community in Sarasota sold for $43.02 million recently, more than double what it sold for when it last changed hands in 2013.

Huntington Place Apartments at 3201 Huntington Place Drive was sold to Bridge Investment Group on May 10.

Sellers Atlas Real Estate Partners and Andover Real Estate Partners acquired the property for $21.75 million in 2013 and subsequently undertook a comprehensive renovation project, according to a statement released in June. Almost every unit was renovated, the clubhouse was upgraded, roofs were replaced, facades were improved, and amenities were added, including a fitness center, a dog park and an outdoor lounge area.