Lakewood Ranch apartment complex sells for $81.8 million

An Atlanta-based real estate company has purchased an apartment complex in Lakewood Ranch for $81.8 million. Penler acquired the Botanic at Waterside on March 31, according to Sarasota County property records.

Located at 1400 Pine Warbler Place, Botanic at Waterside contains 320 units, property records show.

The seller is 1450 Pine Warbler Owner LLC, which corresponds to LivCor, a Chicago-headquartered Blackstone portfolio company specializing in multifamily housing.